Bharti Airtel has acquired 4G spectrum rights from Aircel for 8 circles for Rs.3,500 crore for Tamil Nadu, Bihar, J&K, West Bengal, and Assam. The top telco has also acquired the right to use Andhra Pradesh and Odisha spectrum.
Bharti Airtel climbed 4% to Rs.347.30 on Monday. The company has acquired 4G spectrum rights from Aircel for 8 circles for Rs.3,500 crore for Tamil Nadu, Bihar, J&K, West Bengal, and Assam. The top telco has also acquired the right to use Andhra Pradesh and Odisha spectrum. The transfer of the right to use for the circles of Andhra Pradesh and Orissa is subject to the revision of spectrum caps with the upcoming auction to be conducted by DoT.
The scrip opened at Rs. 342.05 and has touched a high and low of Rs. 348.5 and Rs. 341 respectively. So far 1976004(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 133633.08 crore.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 452.45 on 21-Jul-2015 and a 52 week low of Rs. 282.3 on 29-Jan-2016. Last one week high and low of the scrip stood at Rs. 350.6 and Rs. 325.7 respectively.
The promoters holding in the company stood at 65.62 % while Institutions and Non-Institutions held 25.4 % and 8.93 % respectively.
The stock is currently trading above its 200 DMA.
The scrip opened at Rs. 342.05 and has touched a high and low of Rs. 348.5 and Rs. 341 respectively. So far 1976004(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 133633.08 crore.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 452.45 on 21-Jul-2015 and a 52 week low of Rs. 282.3 on 29-Jan-2016. Last one week high and low of the scrip stood at Rs. 350.6 and Rs. 325.7 respectively.
The promoters holding in the company stood at 65.62 % while Institutions and Non-Institutions held 25.4 % and 8.93 % respectively.
The stock is currently trading above its 200 DMA.
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