Bharti Airtel is trading higher by 3% at Rs 272 after the Delhi High Court (HC) said not to take action against the company. The high court has granted a stay on a government order asking the telecom major to stop offering 3G mobile services outside their licensed areas through roaming pacts.
“The Delhi HC has asked the department of telecommunications (DoT) to not take any coercive action until the next hearing of the case. However, the court has asked Bharti Airtel to respond to the show cause notice issued to them by DoT within 60 days,” the report suggests.
The stock opened at Rs 268 and has seen a combined 888,000 shares changing hands on the counter in morning deals on the NSE and BSE.
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