The telecom major Bharti Airtel Limited in its board has approved the to raise upto Rs32,000 crore through equity and bond sales. Accordingly, the company plans to Rs25,000 crore through rights issuance and Rs7,000 crore through perpetual bond denominated in Read more
Bharti Airtel: The Telecom company, Bharti Airtel Limited in the stock exchange filing, informed that the company has approved the fundraising of upto Rs32000-crore through rights issuance of up to Rs25,0000-crore The Rights issue price is set at Rs220 per Read more
Looking to the stock movements of Bharti Airtel Limited, it seems, however, investors were not exited with this development, as the share movement of Bharti Airtel is not in a positive circuit in bourses.
On the back of the news, shares of the Bharti Airtel traded higher on the day, hitting high at Rs. 338.90 per share up over 3 percent, and are currently trading at Rs. 334.85 up by 2.14 percent on the NSE, during afternoon hours of trade.
Reacting the news, shares of Bharti Airtel went up 4 percent in the opening trade, and subsequently cooled off and were trading 1.54 percent up in BSE, late morning hours. Almost similar stock trend, was noticed in NSE also.