Company updateCNBC-TV18
Bharti Airtel promoter stake to rise above 50%
Positive+39
GreyOak summary
Bharti Airtel chairman Sunil Mittal announced plans to increase the promoter group's stake above 50% for long-term stability. The estimated cost is $12-14 billion, funded by dividends, buybacks, and promoter contributions. The process will begin with small increases this year and continue over the next five to six years.
What it affects
- Bharti AirtelBHARTIARTLPositive +39
Promoter stake to rise above 50% via buybacks.Rolling sentiment Positive +44
- Telecom & MediaPositive +14
Rolling sentiment Positive +28
Source
Read the original at CNBC-TV18More Bharti Airtel news
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