Stock Market News

Bharti Infratel drops 2% on merger with Indus Towers

Bharti Infratel dropped 2% on Wednesday following the announcement of its merger with Indus Towers. The merged entity will see Bharti Airtel and Vodafone each holding around 33%.
Kumar Mangalam Birla-led Idea Cellular and private equity fund Providence, which jointly hold 16% in Indus Towers, will exit through a cash payout. The merged entity will change its name to Indus Towers Limited and stay listed on stock exchanges.

For Real Time News & Trading Trends Keep Liking Epic Research Private Limited







Share Button
Epic Research
Epic Research
Epic Research - Investment Adviser is a leading financial services provider with presence in Indian and other global capital markets. Call on - 0731-664-2300