Bharti Infratel extends rally on talk of tower deal; stock hits 52-wk high

The stock hit a 52-week high of Rs 434, up 6%, extending its Wednesday's 3% gain on the NSE.

Bharti Infratel hit a 52-week high of Rs 434, up 6%, extending its Wednesday’s 3% gain on the National Stock Exchange (NSE), after media report suggests that private equity firm KKR-led consortium in talks to buy Indus Towers and Bharti Infratel.

The trading volumes on the counter more than doubled with a combined 4.1 million shares exchanging hands on the NSE and BSE till 11:13 AM.

Bharti Infratel in the ordinary course of business evaluates various opportunities from time to time, the company said on clarification on new report.

However, the company, as a matter of policy,