Shares of Bharti Aitel in early trade on May 26, 2020 fell as much as 5.4% to day's low of Rs.561.1 per share on the BSE.
Bharti Airtel Shares Fall 5% On Promoter’s Stake Sale Plan
This is after one of the company's promoter Bharti Telecom is seeking to pare its 2.75% stake in the company via private placement to institutional investors for $1 billion. For potential investors, up to 150 million equity shares shall be made available via the book-building process. For the deal, floor price is pegged at Rs. 558, which is a 6% discount to the closing price of Airtel of Rs. 593.3 as on May 22.
Subsequent to the sale of shares, there will be a 90-day lock-in for the promoter entity.
Shares of Airtel were last trading at Rs. 574.8, down Rs. 18.20 or 3.07% per share on the BSE.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google