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Airtel shares jump nearly 6%; m-cap swells by Rs 6,656 crore

The telecom major stock was the top gainer on both Sensex and Nifty during the day

Press Trust of India  |  New Delhi 

Bharti Airtel office building in New Delhi
Bharti Airtel office building in New Delhi.

of telecom operator Bharti on Monday surged nearly 6% after the company acquired 4.2% stake held by in its Nigerian arm.

The stock soared 5.53% to end at Rs 317.50 on BSE. During the day, it zoomed 6% to Rs 319.20.

At NSE, it jumped 5.91% to close at Rs 318.80.

The stock was the top gainer on both Sensex and Nifty during the day.

The company added Rs 6,656.45 crore to Rs 1,26,917.45 crore in its market valuation.

On the volume front, 3.12 lakh of the company were traded on and over 44 lakh at during the day.

"Bharti International (Netherlands) BV through its wholly owned subsidiary has completed the acquisition of Limited's entire 4.2% shareholding in Nigeria. As a result, Airtel's overall holding in Nigeria has increased to 83.25%," said in a statement on Saturday.

Though financial details of the deal were not disclosed, Econet had valued the stake at $3 billion.

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Airtel shares jump nearly 6%; m-cap swells by Rs 6,656 crore

The telecom major stock was the top gainer on both Sensex and Nifty during the day

The telecom major stock was the top gainer on both Sensex and Nifty during the day
of telecom operator Bharti on Monday surged nearly 6% after the company acquired 4.2% stake held by in its Nigerian arm.

The stock soared 5.53% to end at Rs 317.50 on BSE. During the day, it zoomed 6% to Rs 319.20.

At NSE, it jumped 5.91% to close at Rs 318.80.

The stock was the top gainer on both Sensex and Nifty during the day.

The company added Rs 6,656.45 crore to Rs 1,26,917.45 crore in its market valuation.

On the volume front, 3.12 lakh of the company were traded on and over 44 lakh at during the day.

"Bharti International (Netherlands) BV through its wholly owned subsidiary has completed the acquisition of Limited's entire 4.2% shareholding in Nigeria. As a result, Airtel's overall holding in Nigeria has increased to 83.25%," said in a statement on Saturday.

Though financial details of the deal were not disclosed, Econet had valued the stake at $3 billion.
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Business Standard
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Airtel shares jump nearly 6%; m-cap swells by Rs 6,656 crore

The telecom major stock was the top gainer on both Sensex and Nifty during the day

of telecom operator Bharti on Monday surged nearly 6% after the company acquired 4.2% stake held by in its Nigerian arm.

The stock soared 5.53% to end at Rs 317.50 on BSE. During the day, it zoomed 6% to Rs 319.20.

At NSE, it jumped 5.91% to close at Rs 318.80.

The stock was the top gainer on both Sensex and Nifty during the day.

The company added Rs 6,656.45 crore to Rs 1,26,917.45 crore in its market valuation.

On the volume front, 3.12 lakh of the company were traded on and over 44 lakh at during the day.

"Bharti International (Netherlands) BV through its wholly owned subsidiary has completed the acquisition of Limited's entire 4.2% shareholding in Nigeria. As a result, Airtel's overall holding in Nigeria has increased to 83.25%," said in a statement on Saturday.

Though financial details of the deal were not disclosed, Econet had valued the stake at $3 billion.

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Business Standard
177 22

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