BSE Telecom index is trading at 1285.81 levels, up by 10.09 points or 0.79%, outperforming the major indices in the market.
Bharti Infratel and Bharti Airtel are contributing most to the index gains.
Bharti Infratel is trading at Rs 314.85 per share, up by 1.53%. Bharti Airtel is trading at Rs 354.40 per share, up by 0.45%.
Tata Teleservices (Maharashtra) Ltd., is the top gainer in the index, trading at Rs 6.95 per share, up by 9.45%. American Tower Company (ATC) has bought majority stake in VIOM Networks, and Tata Teleservices will exit VIOM if deal goes through. Tata Group holds 32% in VIOM Networks through Tata Teleservices. ATC is planning to buy out completely the 32% stake of the Tata Group.
Bharti Infratel and Bharti Airtel are contributing most to the index gains.
Bharti Infratel is trading at Rs 314.85 per share, up by 1.53%. Bharti Airtel is trading at Rs 354.40 per share, up by 0.45%.
Tata Teleservices (Maharashtra) Ltd., is the top gainer in the index, trading at Rs 6.95 per share, up by 9.45%. American Tower Company (ATC) has bought majority stake in VIOM Networks, and Tata Teleservices will exit VIOM if deal goes through. Tata Group holds 32% in VIOM Networks through Tata Teleservices. ATC is planning to buy out completely the 32% stake of the Tata Group.
Tata Communications is trading at Rs 780.4 per share, up by 2.68%.
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