Bharti Telecom acquires shares of Airtel worth 20.50 cr

Bharti Telecom acquires shares of Airtel worth 20.50 cr

Mumbai: Bharti Telecom, the largest promoter group of Bharti Airtel, has purchased shares of the private telecom operator worth 20.50 crore through open market transactions.

Prior to the share purchase, Bharti Telecom held a 45.60% stake in Bharti Airtel. It now has a 45.62% stake in the telecom service provider.

As per shareholding data available on the BSE, Bharti Telecom held 1,729,264,367 shares, representing a 45.54% stake, in the operator as of the quarter ended September 2011.

Shares of Bharti Airtel were trading at 348.20 on the BSE, up 0.52% from their previous close.

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