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Shares of Bharti Airtel have surged nearly 2% to Rs 407.30 on the BSE in the early trades after reaching a consensus on the sale of its telecom towers in Nigeria for more than $1 billion within the next three weeks.
American Tower Company (ATC) is expected to be the leading buyer and is expected to buy 4,000 towers, followed by IHS Towers.
The stock opened at Rs 405, touched a high of Rs 407.50 and a low of Rs 402 on the BSE. A total of 267,706 shares have been exchanged on the BSE so far.
