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Promoter group co buys shares worth Rs 50 cr in Bharti Airtel

FP Archives|Dec 20, 2014, 21:46:40 IST

New Delhi: Bharti Telecom Limited, a promoter group entity of Bharti Airtel, purchased over 18 lakh shares of the telecom firm for around Rs 50 crore through open market transactions this week.

Bharti Telecom's stake in the company has increased to 45.81 per cent post the purchase from 45.77 per cent, the company said in a filing to the BSE.

[caption id="attachment_866509" align="alignright" width="380"] Reuters[/caption]

Bharti Telecom bought 6 lakh shares for Rs 17.07 crore on June 10, 6.75 lakh shares for Rs 18.74 crore on June 12 and another tranche of 5.42 lakh shares for Rs 15.09 crore on June 12, the filing added.

Shares of the company today closed at Rs 277.95 apiece, down 0.22 per cent on the BSE.

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