Bharti Telecom raises stake in Airtel to 45.54%

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Bharti Telecom raises stake in Airtel to 45.54%

Telecom major Bharti Airtel today said its promoter Bharti Telecom has bought about 7.2 lakh shares of the company for over 27 crore in different transactions from open market to raise stake to 45.54% in it.

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Telecom major Bharti Airtel  today said its promoter Bharti Telecom has bought about 7.2 lakh shares of the company for over 27 crore in different transactions from open market to raise stake to 45.54% in it.

Bharti Telecom purchased 15,000 shares for over Rs 56 lakh at BSE and 6,35,000 shares for close to Rs 23.97 crore on September 22, thus raising its stake marginally in the company to 45.53 from 45.52% on the same day, the company said in a filing to the BSE.

On September 23, Bharti Telecom again purchased 14,000 shares for Rs 50.82 lakh approximately from BSE and 52,000 shares for Rs 2.25 crore from NSE which raised its stake marginally by 0.1% to 45.54%, it added.

Bharti Telecom had been gradually increasing stake in the firm from 45.50 on September 13.

Bharti Telecom purchased 12,000 shares for Rs 45.9 lakh approximately from BSE and 1.47 lakh shares for close to Rs 5.62 crore from NSE on September 13.

Next day, it purchased 20,000 shares for Rs 75.34 lakhs approximately from BSE and over 3.85 lakh shares for Rs 14.47 crores from NSE.

In last two weeks, Bharti Telecom has purchased over 15 lakh shares of Bharti Airtel for close to Rs 57 crore.

Shares of Bharti Airtel closed at Rs 380.4 a piece, up by 1.48% compared to its previous close at BSE today.