Bharti Airtel has dipped 5% to Rs 281, erasing its entire previous day’s 4% gain, in early noon deals on the National Stock Exchange (NSE).
The stock opened at Rs 292 and has seen a combined 4.32 million shares changing hands on the counter till 1121 hours on NSE and BSE.
According to reports, the telecom ministry has approved penalty of Rs 650 crore on Bharti Airtel for violating roaming norms in 13 service areas between 2003 and 2005.
An internal committee of Department of Telecom had alleged that Bharti Airtel had continued to route national and international calls as local calls (SLD) under a scheme till 2005 despite being told to stop it in 2003, the PTI report suggests.
The stock opened at Rs 292 and has seen a combined 4.32 million shares changing hands on the counter till 1121 hours on NSE and BSE.
According to reports, the telecom ministry has approved penalty of Rs 650 crore on Bharti Airtel for violating roaming norms in 13 service areas between 2003 and 2005.
An internal committee of Department of Telecom had alleged that Bharti Airtel had continued to route national and international calls as local calls (SLD) under a scheme till 2005 despite being told to stop it in 2003, the PTI report suggests.
