Edition:
India

Bharti Infratel Ltd (BHRI.NS)

BHRI.NS on National Stock Exchange of India

259.15INR
20 Sep 2019
Change (% chg)

Rs9.75 (+3.91%)
Prev Close
Rs249.40
Open
Rs250.45
Day's High
Rs263.25
Day's Low
Rs249.10
Volume
6,225,273
Avg. Vol
2,371,456
52-wk High
Rs335.00
52-wk Low
Rs238.70

Latest Key Developments (Source: Significant Developments)

Vodafone Idea Says Stake Sale In Indus Likely To Be Completed In Next 3-4 Months
Thursday, 11 Apr 2019 

April 11 (Reuters) - Vodafone Idea Ltd ::PROCESS OF MERGER OF INDUS TOWERS WITH BHARTI INFRATEL CURRENTLY PENDING BEFORE NCLT, EXPECTED TO BE COMPLETE WITHIN NEXT 3-4 MTHS.TRANSACTION OF SALE OF 11.15% SHARES IN INDUS, IF OPTED BY CO, IS LIKELY TO BE COMPLETED IN NEXT 3-4 MONTHS.  Full Article

Vodafone Idea Says Board To Establish Committee To Evaluate Potential Capital Raise Of Up To 250 Bln Rupees
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Vodafone Idea Ltd ::SAYS BOARD RESOLVED TO ESTABLISH COMMITTEE OF BOARD MEMBERS TO EVALUATE A POTENTIAL CAPITAL RAISE OF UP TO 250 BILLION RUPEES.PROMOTERS VODAFONE, ADITYA BIRLA GROUP INDICATED THEY WOULD CONTRIBUTE UP TO 110 BILLION RUPEES AND 72.5 BILLION RUPEES AS PART OF CAPITAL RAISE.SAYS MERGER OF BHARTI INFRATEL AND INDUS TOWERS IS PROGRESSING WELL; MERGER EXPECTED TO CLOSE BY AROUND FY19 END.SAYS CO REMAINS OPTIMISTIC ABOUT LONG TERM OUTLOOK FOR MARKET AND FUTURE FOR BUSINESS.SAYS CO RECOGNISES THAT FURTHER EQUITY FUNDING IS REQUIRED IN ORDER TO ENSURE CO HAS SUFFICIENT BALANCE SHEET FLEXIBILITY.SAYS CURRENTLY EXPECTED THAT ANY CAPITAL RAISE IF APPROVED IS EXPECTED TO COMPLETE IN Q4 FY19.SAYS DECIDED TO ACTIVELY EXPLORE A POTENTIAL SALE OF CO'S FIBRE NETWORK IN ORDER TO PROVIDE BALANCE SHEET FLEXIBILITY.  Full Article

Bharti Infratel Gets CCI Approval For Proposed Merger Of Co And Indus Towers
Monday, 2 Jul 2018 

July 2 (Reuters) - Bharti Infratel Ltd ::SAYS CCI APPROVAL RECEIVED FOR PROPOSED MERGER OF BHARTI INFRATEL LIMITED AND INDUS TOWERS LIMITED.  Full Article

Bharti Airtel completes secondary share sale in Bharti Infratel
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Bharti Airtel Ltd :‍Bharti Airtel announces successful completion of secondary share sale in Bharti Infratel​.Says Airtel will primarily use proceeds from this sale to reduce its debt‍​.Sale was for a total consideration of over 33.25 billion rupees and was executed at a price of 400.6 rupees per share​‍​.Says Airtel and its units together have equity holding of 53.51 percent in Bharti Infratel.  Full Article

Bharti Airtel to continue evaluating selling of shares in Bharti Infratel
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Bharti Airtel Ltd ::Board authorised co to continue evaluating selling shares in Bharti Infratel in one or more tranches from Airtel or unit Nettle.  Full Article

India's Bharti Infratel Sept-qtr consol PAT down about 17 pct
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Bharti Infratel Ltd ::Sept quarter consol PAT 6.38 billion rupees versus 7.74 billion rupees last year.Consensus forecast for Sept-quarter consol net profit was 7.41 billion rupees.Sept quarter consol revenue from operations 16.59 billion rupees versus 14.96 billion rupees last year.Says Sept-quarter total tower base of 90,955 with closing sharing factor of 2.42‍​.  Full Article

Bimal Dayal likely to head Bharti Infratel-Indus venture

BENGALURU Bharti Group and Vodafone Group Plc have proposed that industry veteran Bimal Dayal should head the combined tower venture of Indus Towers Ltd and Bharti Infratel Ltd, the companies said in a joint statement on Tuesday.