Airtel hits 52-week high, m-cap surpasses ICICI Bank; here's why
The company signed a definitive agreement with Dialog and Axiata Group to merge operations in Sri Lanka.
The company signed a definitive agreement with Dialog and Axiata Group to merge operations in Sri Lanka.
Post listing, Bharti Hexacom shares surged as much as 35% to hit a high of ₹769 on the NSE, while it touched a high of ₹768.95 on the BSE.
QIBs lead from the front as the quota subscribed 48 times after 109 cr shares were bid for against 2.25 cr on offer
A total of 97 anchor investors take part in the anchor book; they have been allocated 3.37 cr shares at ₹570 apiece
Employees undergo training to fill skill gap to navigate the future.
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.