Bharti Infratel up 10% post DoT nod to Indus Tower merger; Board meet today

The approval comes at a time when the telecom companies stare at Rs 1.47 trillion in unpaid dues in the adjusted gross revenue (AGR) issue

Shares of Bharti Infratel surged 10 per cent to Rs 248.7 on the BSE on Monday after the Department of Telecom (DoT) approved the merger of mobile tower company Indus Towers with Bharti Infratel. Besides, the Board is scheduled to meet today to decide the future course of action. READ STATEMENT HERE

At 9:48 am, the stock nearly erased its entire early morning gains and was quoting at Rs 226.75, up 0.29 per cent. In comparison, the benchmark S&P BSE Sensex was at 40,741.95, down 428 points or 1.04 per cent. Nearly 5.93 million shares have changed hands