Bharti Infratel share price rises 5% on block deal worth Rs 1,647 crore

Bharti Infratel share price added over 5 percent intraday on December 2 after a block deal of 7.6 crore shares.

In the large trade, 7.6 crore shares (4.12% equity) of Bharti Infratel worth of Rs 1,647.7 crore changed hands on BSE & NSE at an average price of Rs 215 per share, reported CNBC-TV18.

Promoters including Bharti Airtel and Nettle Infrastructure Investments were holding 33.57 percent and 19.94 percent stake in the company, as per the shareholding pattern as on September 2020.

At 12:35 hrs,  Bharti Infratel was quoting at Rs 221.45, up Rs 5.45, or 2.52 percent on the BSE.