Home / Markets / News / Bharti Infratel gains 7% after it completes merger with Indus Towers

Bharti Infratel gains 7% after it completes merger with Indus Towers

Apart from double taxation benefits on dividend pass through, there would not be major benefit for Bharti Infratel as a combined entity, say analysts at ICICI Securities

Premium

Given the weak financial health of telcos, analysts at Emkay Global Financial Services anticipate receivables to stay at elevated levels

SI Reporter Mumbai

2 min read Last Updated : Nov 24 2020 | 9:58 AM IST

Shares of Bharti Infratel moved higher by 7 per cent to Rs 200 on the BSE on Friday after the company completed merger with Indus Towers to create a mega tower company (renamed Indus Towers).

Bharti Airtel's stake in the combined entity will be 36.73 per cent while Vodafone group and Providence will hold 28.12 per cent and 3.25 per cent, respectively. Vodafone Idea (VIL) has received Rs 3,760.1 crore cash for its 11.15 per cent holding in Indus.

"The Board has allotted 757.8 million equity shares of Rs 10 each to the Vodafone group and 87.51 million equity shares

Topics : Bharti infratel Buzzing stocks Indus Towers Bharti Infratel merger Vodafone Idea Bharti Airtel

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in