Wednesday, 31 July 2013

Bharti Airtel rings loud on getting approval for transfer of Data Centre undertaking bizz

Bharti Airtel is currently trading at Rs. 324.25, up by 2.80 points or 0.87 % from its previous closing of Rs. 321.45 on the BSE.

The scrip opened at Rs. 313.35 and has touched a high and low of Rs. 327.80 and Rs. 312.70 respectively. So far 270956 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 370.40 on 25-Jan-2013 and a 52 week low of Rs. 238.50 on 30-Aug-2012.

Last one week high and low of the scrip stood at Rs. 346.70 and Rs. 317.40 respectively. The current market cap of the company is Rs. 129635.69 crore.

The promoters holding in the company stood at 65.23% while Institutions and Non-Institutions held 24.40% and 10.37% respectively.

Bharti Airtel has received an approval for sale/transfer of its Data Centre undertaking (DCU) business by way of slump sale to its newly incorporated wholly owned subsidiary Nxtra Data. The board of director at its meeting held on July 31, 2013, has approved for the same.

Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers globally in terms of subscribers.

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