Bharti Airtel gains nearly 2% on promoter stake hike
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Shares of Bharti Airtel rose nearly 2 per cent in early trade on Bombay Stock Exchange (BSE) after the company said Bharti Telecom, a promoter group company, has bought an over 5 million shares in the company from open market transactions.
The shares of company rose as much as 1.86 per cent to trade at Rs 323.40 a piece on the BSE. In a similar fashion, shares of the company rose 1.75 per cent to Rs 322.95 a piece on National Stock Exchange.
Meanwhile, the broader benchmark Sensex was quoting at 22,412.82, up 72.48 points or 0.32 per cent at 10:28 hours.