Bharti Hexacom shares list at 32% premium over IPO price
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.
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.
A fictitious and satirical take on the predicament of a troubled telecom operator
The board of Vi has approved an issuance of up to 139.5 crore equity shares at an issue price of ₹14.87 per equity share to Oriana Investments, an entity under the Aditya Birla Group.
The 5G capital expenditure cycle of Reliance Industries is expected to conclude soon.
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.
The PSU stock has risen nearly 300% from its 52-week low of ₹96.20 hit on March 28, 2023.
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.
The teleco’s board will meet on February 27, 2024, to consider and evaluate proposals for raising of funds in one or more tranches via equity or debt instruments.
With the 2024 Lok Sabha polls around the corner, will the capex bandwagon still continue to roll?