The company in a filing to BSE said that pursuant to an order of the Special Bench of the National Company Law Tribunal, a meeting of equity shareholders and unsecured creditors of Bharti Airtel Limited (the Company) has been convened on September 19.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell PVR and Bank of Baroda and buy Bharti Airtel and Ashok Leyland while one may hold ICICI Bank.
Ashwani Gujral of ashwanigujral.com suggests buying Yes Bank, L&T Finance Holdings and ICICI Prudential Life Insurance.
Vittal of Bharti Airtel disposed of 1.21 lakh shares in the telecom major, according to the data.
According to sources, Bharti Airtel's mega plans of selling majority stake in its tower business, Bharti Infratel to Kohlberg Kravis & Roberts (KKR) and Canadian Pension Plan Investment Board (CPPIB) has hit a roadblock, and this may result in the listing of Indus Tower as the largest tower company in India.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bharti Airtel and hold ICICI Prudential while one can sell OBC and HDIL.
As of June 2017, Bharti Airtel and Nettle Infrastructure Investments held 50.33 percent and 11.32 percent in Bharti Infratel, respectively.
The stake is worth USD 400 million in total and will cost Rs 378-397 a share to the buyer. It will also have 0-5 percent discount on the last closing price.
The commission, in its order dated July 25, asked the company to pay Anjana Brahmbhatt Rs 44.50, with a 12-per cent interest, from August 26, 2015, for her data loss when the mobile internet services were suspended between August 27 and September 4, 2015 due to the Patidar quota agitation, which had turned violent.
The telecom giant has decided to instead focus on other acquisitions and takeover of Telenor India along with stake sale in Bharti Infratelclosing.
Bharti Airtel’s biggest investor SingTel has raised some concerns on the proposed talks with Tata Group to buy its telecom assets
ICICI Direct has recommended Buy rating on Bharti Airtel with a target price of Rs 480 in its research report dated July 27, 2017.
Motilal Oswal is bullish on Bharti Airtel has recommended buy rating on the stock with a target price of Rs 490 in its research report dated July 26, 2017
Prakash Gaba of prakashgaba.com is of the view that some sideways action is not ruled out. The crucial support for the Nifty is at 9920 and the resistance is at 10036-10069. On the other hand, Bank Nifty has support at 24775 and resistance at 25550.
Even after a positive opening, shares of the company failed to hold on to the gains and later dipped 1.39 per cent to Rs 421.65 on BSE.
Telecom major Bharti Airtel reported a good overall performance. Revenues came in-line with estimates while margins were a beat aided.
HDFC | Yes Bank | Bharti Airtel | Axis Bank | National Fertilizers | Berger Paints | Suzlon Energy | Gail | Monnet Ispat | Cipla | Archid Ply | TD Power and Punjab National Bank are stocks, which are in news today.
Profit attributed to owners stood at Rs 367.3 crore against poll of Rs 300 crore.
The company needs funds to strengthen its network to take in the rising competition in the sector
"IUC has no relation to customer tariff and that customers are enjoying free or affordable calls is a testimony that the current IUC regime is not coming in the way of affordable tariffs," Mittal said in a letter to the Telecom Regulatory Authority of India.
Sharmila Joshi of sharmilajoshi.com recommends holding Asian Paints and MRF.
Telecom stocks like Idea Cellular, Bharti Airtel, MTNL and Tata Communications will get astrological support, says Satish Gupta of astrostocktips.
In a letter to Trai Chairman R S Sharma, Mittal said that the current Interconnection Usage Charges (IUC) at 14 paisa is already "well below cost".
India business' average revenue per user is seen declining 3.5 percent QoQ to Rs 152.5 but volume growth may be 8.3 percent at 413 billion minutes and minutes of usage may increase 5.5 percent to 497.
Ashwani Gujral of ashwanigujral.com suggests buying Mahindra & Mahindra Financial Services and Bharti Airtel.