Airtel jumps 8% in 2 days on Rs 21,000 cr fundraise, Google investment talk

According to media report, Google is now in talks to make large investments in Airtel

Shares of Bharti Airtel were trading higher by 3 per cent at Rs 639.25 on the BSE in intra-day trade on Tuesday, up 8 per cent in the past two days after the telecom services provider on Sunday announced a fund raise of Rs 21,000 crore by way of the rights issue, primarily to fund its dues linked to adjusted gross revenue (AGR).  Further, according to a media report, Google is now in talks to make large investments in Airtel, thus boosting the stock further. The stock had hit a record high of Rs 644 on August 16, 2021.

The Sunil