Bharti Infratel shares gain on inclusion in FTSE Global Equity Indices

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Bharti Infratel shares gain on FTSE inclusion
Bharti Airtel: Quotes, News
BSE 323.05BSE Quote5 (1.55%)
NSE 323.10NSE Quote5.4 (1.67%)
Bharti Infratel: Quotes, News
BSE 355.45BSE Quote15.05 (4.23%)
NSE 353.75NSE Quote16.7 (4.72%)
Shares of the Bharti Infratel gained more than 1% after reports of its inclusion in the FTSE Global Equity Indices starting January 7, 2013.

Bharti Infratel will be added to FTSE All-World Index (Large Cap) with a investability weighting of 9% and will also be added to FTSE All-Emerging Index.

Bharti Infratel was one of the largest IPOs in the largest two years, after the IPO of Coal India two years ago.

This follows the Company's successful Initial Public Offering of 188,900,000 equity shares and its listing on the National Stock Exchange and Bombay Stock Exchange in India.

Bharti Infratel shares were seen trading at Rs 206, higher by 1.27% on BSE at 12.15 pm IST. It touched an intra-high low of Rs 210.

FTSE's flagship global benchmark, the FTSE All-World, is used by investors worldwide to structure and benchmark their international equity portfolios. The FTSE global equity universe covers over 7,400 securities in 47 different countries and captures 98% of the world's investable market capitalisation.

Read more about: bharti infratel
Story first published: Friday, January 4, 2013, 12:24 [IST]
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