Bharti Telecom is the holding company of India’s largest telecom company Bharti Airtel. For buying shares of Bharti Telecom or any other companies, please call on 8108303330
Sunil Bharti Mittal family and Singapore telecom firm Singtel-owned firm Bharti Telecom held 50.1% stake in Bharti Airtel at the end of March 2019. The Singapore-based company in February 2018 subscribed to new shares issued by the company at Rs 310 apiece, according to company filings. It had raised funds primarily to pay its debt.
Bharti Airtel shares a nearly two-decade-long relationship with Singtel, which has only become stronger over the years. The fresh round of investment highlights the confidence of Singtel in Airtel, and the increased attractiveness of the Indian telecoms sector following the recent consolidation, as per Deven Khanna, Managing Director of the company.
It may be recalled that when, in October 1999, Bharti Telecom delisted its shares from the Bombay Stock Exchange (BSE), it made an open offer at a price of Rs 95 a share, a price that was increased by a rupee subsequently. Many shareholders did not participate in the 1999 buyback offer while others joined the ranks of the company’s shareholders through private purchases.