Wednesday, February 12, 2020

Bharti Airtel shines as its arm planning to raise funds worth up to $250 million via perpetual bonds

Bharti Airtel is currently trading at Rs. 540.00, up by 5.55 points or 1.04% from its previous closing of Rs. 534.45 on the BSE.

The scrip opened at Rs. 535.05 and has touched a high and low of Rs. 542.10 and Rs. 535.00 respectively. So far 37105 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 552.85 on 06-Feb-2020 and a 52 week low of Rs. 272.51 on 14-Feb-2019.


Last one week high and low of the scrip stood at Rs. 552.85 and Rs. 532.85 respectively. The current market cap of the company is Rs. 294681.93 crore.

The promoters holding in the company stood at 62.70%, while Institutions and Non-Institutions held 30.54% and 6.71% respectively.

Bharti Airtel’s wholly owned subsidiary--Network i2i is planning to raise funds worth up to $250 million (approximately Rs 1,780 crore) through perpetual bonds. This amount will be in addition to existing securities of $750 million (around Rs 5,343 crore) that the company has raised recently.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

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