Bharti joins Rs 2 trillion Mcap club, Mittal 4th trillionaire

Bharti joins Rs 2 trillion Mcap club, Mittal 4th trillionaire
PTI
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First Published: Wed, Oct 10 2007. 05 40 PM IST
Updated: Wed, Oct 10 2007. 05 40 PM IST
Mumbai: Bharti Airtel on 10 October entered the coveted Rs 2 trillion club, joining the likes of Reliance Industries and state-run ONGC, while its Chairman Sunil Bharti Mittal became India’s fourth trillionaire in rupee terms.
Bharti Airtel’s scrip today surged 2.60% to Rs 1,067 on the Bombay Stock Exchange in the afternoon trade taking its market capitalisation to Rs 2,02,627 crore in intra-day. The scrip had touched an all-time high of Rs 1,149 on the bourse earlier in the day.
Mittal, who owns about 50% stake in the group’s flagship Bharti Airtel, saw his wealth soar to Rs 1,01,314 crore (about 25.51 billion dollar), joining the league of trillionaires Mukesh Ambani, Anil Ambani and Azim Premji.
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First Published: Wed, Oct 10 2007. 05 40 PM IST