Bharti Airtel has moved higher by 2% at Rs 300 after the company said it has subscribed to an additional 2% equity share capital in all the four India BWA entities of Qualcomm AP.
“The company has subscribed to an additional 2% equity share capital in all the four India BWA entities of Qualcomm AP,” Bharti Airtel said in a media statement.
With this all four entities are now subsidiaries of Bharti Airtel, it added.
On May 24, 2012 Bharti Airtel and Qualcomm had announced an agreement under which Bharti had acquired 49% interest in Qualcomm AP’s India entities that hold BWA licenses in Delhi, Mumbai, Haryana and Kerala.
The stock opened at Rs 294 and touched high of Rs 301 on BSE. A combined around 1.5 million shares have changed hands on the counter till noon deals on BSE and NSE.
“The company has subscribed to an additional 2% equity share capital in all the four India BWA entities of Qualcomm AP,” Bharti Airtel said in a media statement.
With this all four entities are now subsidiaries of Bharti Airtel, it added.
On May 24, 2012 Bharti Airtel and Qualcomm had announced an agreement under which Bharti had acquired 49% interest in Qualcomm AP’s India entities that hold BWA licenses in Delhi, Mumbai, Haryana and Kerala.
The stock opened at Rs 294 and touched high of Rs 301 on BSE. A combined around 1.5 million shares have changed hands on the counter till noon deals on BSE and NSE.