Bharti Airtel Promoter Load will flood 82.821 million shares through investment block deals

Indian Content Investment Limited, a promoter group company of Bharti Airtel, is likely to be a business banker for dealing with 82.82 million shares and Jefferies India.

The above stocks represent 0.8% stake in Bharti Airtel and they are likely to offer them at a floor price of Rs 1,658.80 per share due to Indian continent investment, the report said.

According to shareholding data available on BSE in Indian continent investment, Bharti Airtel had a share of 31.31% or 20.13 crore on December 31, 2024.

Bharti Airtel shares ended at Rs 1675.55 on BSE today, up from Friday’s closed price of Rs. Is below 41.60 or 2.42%.

In the second news, Telecom Major said it had landed a new C-Mi-Dave 6 (Southeast Asia-Mother-West Europe-6, or SMW6) submarine cable in Chennai. An official statement said that the second largest talco of the country landed in Mumbai on December 30, 2024, a submarine cable landed, an official statement said.

These cable landings were completed by Subcom, the supplier of Subcia Fiber Optic Cable Data Systems, which is carrying out engineering, production and installation activities of C-Mi-6-6.

21,700 route kilometers (RKM) submarine cable system crosses Egypt by India to Singapore and France (Marseille) with terrestrial cables. With this, Airtel has increased the presence of its network with varied capacity in the submarine cable system globally.

“We are delighted to strengthen our global connection by unloading one of the largest cable systems in our features. Our current network of 400,000 RKM in this 50 countries complement the strength, “said Director and CEO – Airtel Business Sharat Sinha.

Cable landing in both Mumbai and Chennai will be fully integrated by Airtel’s Data Center Arm, NXTRA, on its large facilities in the relevant cities to unite the country’s global hyperscallers and businesses. .

(Disclaimer: The recommendations, suggestions, opinions and views given by experts are their own. This does not represent the views of the economic time)