Business Standard

Bharti Airtel gains as telecom arm gets regulatory nod for IPO

Bharti Infratel set a price band of Rs 210-240 per share for its initial public offering (IPO).

SI Reporter  |  Mumbai 

Bharti Airtel has moved higher by about 3% at Rs 339 after the telecom company said its tower arm set a price band of Rs 210-240 per share for its initial public offering (IPO).

“The red herring prospectus filed by Bharti Infratel, a subsidiary of Bharti Airtel, in relation to its of 189 million equity shares of a face value of Rs 10 each, has been approved by the registrar of companies on November 29, 2012,” said in a statement.

Bharti Infratel is set to raise up to $825 million (approx. Rs 4,500 crore) would be the country's biggest initial share offering in two years. The issue will be opened for subscription on December 11, 2012.

The stock opened at Rs 332 and hit a high of Rs 341 in late noon deals. A combined 8.18 million shares have changed hands on the counter so far on both the exchanges.

 

RECOMMENDED FOR YOU

Bharti Airtel gains as telecom arm gets regulatory nod for IPO

Bharti Infratel set a price band of Rs 210-240 per share for its initial public offering (IPO).

Bharti Airtel has moved higher by about 3% at Rs 339 after the telecom company said its tower arm Bharti Infratel set a price band of Rs 210-240 per share for its initial public offering (IPO).

Bharti Airtel has moved higher by about 3% at Rs 339 after the telecom company said its tower arm set a price band of Rs 210-240 per share for its initial public offering (IPO).

“The red herring prospectus filed by Bharti Infratel, a subsidiary of Bharti Airtel, in relation to its of 189 million equity shares of a face value of Rs 10 each, has been approved by the registrar of companies on November 29, 2012,” said in a statement.

Bharti Infratel is set to raise up to $825 million (approx. Rs 4,500 crore) would be the country's biggest initial share offering in two years. The issue will be opened for subscription on December 11, 2012.

The stock opened at Rs 332 and hit a high of Rs 341 in late noon deals. A combined 8.18 million shares have changed hands on the counter so far on both the exchanges.

 

image

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
Ashiana Housing 149.55 7.82
T.V. Today Netw. 311.30 7.10
Lupin 1904.00 4.68
JP Power Ven. 5.98 4.36
BASF India 757.90 4.11
> More on BSE Gainers
Company Price() Chg(%)
T.V. Today Netw. 311.30 7.20
JP Power Ven. 6.05 5.22
Lanco Infratech 6.45 4.88
Lupin 1905.65 4.65
BASF India 758.35 4.28
> More on NSE Gainers
Company Price() Chg(%)
Dena Bank 31.25 -12.10
Motherson Sumi 241.40 -11.07
Just Dial 501.80 -7.89
Punjab Natl.Bank 87.85 -6.89
Strides Shasun 1031.50 -6.85
> More on BSE Gainers
Company Price() Chg(%)
Dena Bank 31.20 -12.24
Motherson Sumi 241.70 -10.99
Metalyst Forg. 63.20 -8.07
Shrenuj & Co. 16.20 -7.95
Just Dial 501.75 -7.32
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price