Bharti Infratel nears 52-week high; stock zooms 40% in a month

The company said it has initiated due process for getting final approval from stock exchanges to update the name to Indus Towers

Shares of Bharti Infratel traded 3 per cent higher at Rs 252.85 on the BSE on Monday, after the company said it has received the approval from the Registrar of Companies (ROC) for changing its name to Indus Towers, following the recent merger of the two companies to create a mega tower entity.

The stock of the company, engaged in activities of providing telecom tower infrastructure sharing for telecommunication services, is trading close to its 52-week high of Rs 262.80, touched on December 20, 2019.

"The company has received approval from the Registrar of Companies, the National Capital