Bharti Hexacom sets price band at ₹542-570 for its ₹4,275 cr IPO; issue to open on Apr 3
The IPO is completely an OFS of 15% stake by the Government of India through Telecommunication Consultants of India.
The IPO is completely an OFS of 15% stake by the Government of India through Telecommunication Consultants of India.
The IPO is entirely an offer for sale (OFS) of up to 10 crore equity shares by the only public shareholder Telecommunications Consultants India.
Reacting to the news, shares of Bharti Airtel rose as much as 1.6% to hit a fresh 52-week high of ₹1,213.05 on the BSE.
Reliance Jio and Bharti Airtel will need to work on 5G tariffs and customer migration.
Reliance Jio added 34.7 lakh mobile subscribers in September, followed by Airtel with 13.2 lakh new users, while Vodafone Idea lost 7.5 lakh customers.
This is a big win for Bharti Airtel's Eutelsat OneWeb, Elon Musk's Starlink and Amazon's Kuiper.
The BSE Sensex and Nifty50 are likely to open lower on Thursday, tracking soft cues from global peers and negative trend at Gift Nifty.
The largest of India Inc. are expanding and consolidating for greater scale, reach and market share.
PM Narendra Modi says the country has made a "century of unicorns" in fairly less time and has become one of the top 3 startup ecosystems in the world
Bharti Airtel added 15.17 lakh wireless subscribers during the month under review, up 11.4% month-on-month, as against 14.09 lakh subscribers in June.