Bharti Airtel is currently trading at Rs. 361.95, up by 5.50 points or 1.54% from its previous closing of Rs. 356.45 on the BSE.
The scrip opened at Rs. 362.50 and has touched a high and low of Rs. 367.00 and Rs. 356.60 respectively. So far 290925 shares were traded on the counter.
The BSE group 'A ' stock of face value Rs. 5 has touched a 52 week high of Rs. 373.50 on 01-Nov-2013 and a 52 week low of Rs. 274.50 on 11-Jun-2013.
Last one week high and low of the scrip stood at Rs. 367.00 and Rs. 351.30 respectively. The current market cap of the company is Rs. 142907.05 crore.
The promoters holding in the company stood at 65.32% while Institutions and Non-Institutions held 24.17% and 10.51% respectively.
Bharti Airtel has reportedly split its Africa towers business. The company has around 15000 towers in Africa. Meanwhile, Helios tower is planning to buy Bharti Airtel’s towers in Nigeria. The company’s Nigerian towers valued at $500-550 million. The company has around 5,000 towers in Nigeria.
Airtel’s net debt at the end of 2013-14 stood at Rs 60,541.6 crore ($10.4 billion), which would come down following the tower sale, thereby reducing the stress on the company’s balance sheet.
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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