Bharti Airtel, India's largest telecommunications services provider, has completed an inter-se transfer of 11.32% stake (209,416,643 equity shares) in Bharti Infratel to Nettle Infrastructure Investments (Nettle), a wholly owned subsidiary of Bharti Airtel.
Post the said inter-se transfer, Bharti Airtel will hold 50.33%, while Nettle will hold 11.32% stake in Bharti Infratel, the remaining 38.35% (approx.) shall be held by public / other shareholders.
Total volume of shares traded on the bourses today was lower by 24.34% to 5,323,120 compared with 22-day average volume of 7,035,526.
Shares of the company gained Rs 2.35, or 0.69%, to trade at Rs 343.00. The total volume of shares traded was 53,330 at the BSE (10.45 a.m., Wednesday).