Bharti Airtel rose 1.21% to Rs 517.55 after the government approved increasing the limit of foreign investment upto 100% of the paid up capital of the company.
The scrip rose 2.47% to the day's high of Rs 524, which is also a 52-week high for the stock.
The Department of Telecom (DoT) has approved raising of foreign direct investment in Bharti Airtel to 100%, the company said in a regulatory filing made after market hours on Tuesday.
The aforesaid approval read together with the RBI approval dated 3 July 2014 granted to the company allows the FPls/Flls to invest upto 74% of the paid up capital of the company.
Bharti Airtel is a global telecommunications company with operations in 17 countries across Asia and Africa.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app