Bharti Airtel Goes Indus Towers Hike; Details here


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Bharti Airtel held an analyst meeting in Delhi on Friday where its management was asked about Bharti’s plans to buy a 4.7% stake in Indus from Vodafone PLC, news of which broke there a few weeks. Bharti Airtel’s management said it would buy the 4.7% stake at Rs 190-192 per share, which is a steep discount to the current stock status.

Indus Towers sulks in trade on the back of a Bharti Airtel analyst meeting.

Bharti Airtel held an analyst meeting in Delhi on Friday where its management was asked about Bharti’s plans to buy a 4.7% stake in Indus from Vodafone PLC, news of which broke there a few weeks. Bharti Airtel’s management said it would buy the 4.7% stake at Rs 190-192 per share, which is a steep discount to the current stock status.

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Management went on to say that it could further increase the stake in Indus Towers and then monetize its overall stake. So the fact that Bharti’s deal to buy the 4.7% stake in Indus from Vodafone PLC will come at a significantly lower price is what is perhaps impacting Indus in today’s trading. .


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