Bharti Airtel, a leading integrated telecommunications company, witnessed a rise in share price on Monday after the company and IHS Holding announced an agreement under which IHS will acquire over 1100 telecoms towers across two countries. The agreements will allow Airtel to focus on its core business and customers, enable it to deleverage through debt reduction, and will significantly reduce its on-going capital expenditure on passive infrastructure in these African markets.

Shares of the company are trading at Rs 350, up Rs 2.2, or 0.63%  at the Bombay Stock Exchange (BSE) on Monday at 3:32 p.m. The scrip has touched an intra-day high of Rs 351.40 and low of Rs 341.45. The total volume of shares traded at the BSE is 178,020.