Why is Bharti Infratel rising?
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Why is Bharti Infratel rising?
Shares of Bharti Infratel moved higher by 7 per cent to Rs 200 on the BSE on Friday after the company completed merger with Indus Towers to create a mega tower company (renamed Indus Towers). Vodafone Idea (VIL) has received Rs 3,760.1 crore cash for its 11.15 per cent holding in Indus.
Is it good to buy Indus Towers?
4. Is Indus Towers a good long term investment? Past 10 years financial track record analysis and assessment of future prospects by Moneyworks4me indicates that Indus Towers Ltd is a good long term investment. However, you need to ensure you buy at a right price to earn good returns.
What happened to infratel?
The merger of Bharti Infratel and Indus Towers to create a mega tower company was completed last month. Bharti Infratel has received approval from the Registrar of Companies for changing its name to Indus Towers, following the recent merger of the two companies to create a mega tower entity.
What is the share price of Bharti Infratel?
BHARTI INFRATEL LTD. SHARE PRICE
| Open: | 284.10 |
|---|---|
| High: | 289.00 |
| Low: | 277.25 |
Why did Bharti Infratel fall?
Shares of Bharti Infratel on Tuesday fell nearly 8 per cent intraday after gaining in the opening session. The stock jumped over 5 per cent in opening trade after the company said its board has decided to proceed with the scheme for merger with Indus Towers. At 12. 05 pm, the stock declined 7..
What does Bharti Infratel do?
Bharti Infratel is India’s leading provider of tower and related infrastructure and it deploys owns and manages telecom towers and communication structures for various mobile operators.
Is Indus Towers a good buy Quora?
it is a good company but there is a risk on profitability going forward. Please do not get trapped in quick profits based on news. You can invest in better companies.
Who is the promoter of Indus Towers?
Incorporated in November 2006, Indus Towers Limited has been promoted under a joint venture between entities of Bharti Group including Bharti Infratel (rendering telecom and tower infrastructure services in India under the brand name Airtel and Bharti Infratel Limited respectively) and Vodafone Idea Limited (rendering …
Is Bharti Infratel listed?
Nettle Infrastructure Investments Limited is a wholly owned subsidiary of Bharti Airtel thus making Airtel the parent company with a 53.51\% combined stake. The company used to be in the NIFTY 50 index….Bharti Infratel.
| Type | Public |
|---|---|
| Traded as | NSE: INDUSTOWER BSE: 534816 |
| ISIN | INE121J01017 |
| Industry | Telecommunications |
| Founded | July 2007 |
Has Bharti Infratel merger with Indus Towers?
The merger of Bharti Infratel and Indus Towers to create a mega tower company has been completed, and debt-ridden Vodafone Idea Ltd. (VIL) has received about ₹3,760 crore cash for its 11.15\% holding in Indus, according to a regulatory filing.
Who are the promoters of Bharti Infratel?
The company is currently owned by Bharti Airtel (33.57\%) and Nettle Infrastructure Investments Limited (19.94\%). Nettle Infrastructure Investments Limited is a wholly owned subsidiary of Bharti Airtel thus making Airtel the parent company with a 53.51\% combined stake.
Who owns Indus Tower?
Bharti Airtel
Indus Towers/Parent organizations