Company Profile

Bharti Infratel is currently trading at Rs. 219.80, up by 4.00 points or 1.85% from its previous closing of Rs. 215.80 on the BSE.

The scrip opened at Rs. 218.45 and has touched a high and low of Rs. 221.75 and Rs. 208.00 respectively. So far 221160 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 333.35 on 20-Mar-2019 and a 52 week low of Rs. 175.35 on 30-Oct-2019.

Last one week high and low of the scrip stood at Rs. 248.70 and Rs. 207.40 respectively. The current market cap of the company is Rs. 39211.69 crore.

The promoters holding in the company stood at 53.51%, while Institutions and Non-Institutions held 45.82% and 0.67% respectively.

Bharti Infratel has extended the deadline for its merger with Indus Towers by two more months to April 24, but cautioned that final call on scheme implementation will be taken by the board based on assessment of telecom crisis and its impact. The final decision to implement the scheme will be taken by the board keeping in mind the best interest of the company and its stakeholders including the assessment of the current crisis facing the telecom industry and the extent of its impact on the company's major customers.

The board of directors has further extended long stop date till April 24, 2020, subject to agreement on closing adjustment and other conditions precedent for closing, with each party retaining the right to terminate and withdraw the scheme.

Bharti Infratel is a provider of tower and related infrastructure, and deploys, owns and manages telecom towers and communication structures for various mobile operators.

Hindustan Unilever’s (HUL) board has approved the formation of a new wholly-owned subsidiary with an authorised share capital of Rs 2,000 crore. The subsidiary was being set up for manufacturing purposes, with an aim at capitalising on the 15 per cent corporation tax available to new manufacturing firms.

Tech Mahindra has signed an agreement to acquire 100 per cent stake in US-based Zen3 Infosolutions for $64 million (Rs 460 crore) in an all-cash deal. Headquartered in Seattle, Zen 3 has over 1,300 employees spread across offices in Seattle, Dublin, Hyderabad, Vishakhapatnam and Bengaluru. The acquisition of Zen3 Infosolutions is in line with our strategy to build new capabilities.

JSW Steel has been declared as a preferred bidder for Jajang iron ore block in Odisha. The block holds estimated reserves of 39 million tonne.

DLF is eyeing government’s nod to set up special economic zones (SEZ) for IT sector in Haryana. These proposals will be taken up by the Board of Approval, the highest decision-making body for SEZ, in its meeting on February 26, 2020. The company has proposed to set up two SEZs in Haryana. The proposed investments for these projects are Rs 793.95 crore and Rs 761.54 crore respectively.

Tata Consultancy Services (TCS) has sought government nod to set up special economic zones (SEZ) for IT sector in Uttar Pradesh. These proposals will be taken up by the Board of Approval, the highest decision-making body for SEZ, in its meeting on February 26, 2020. The company has proposed to set up an IT/ITeS SEZ at Noida in Uttar Pradesh in an area of 19.9 hectares, according to the agenda paper of the board meeting. The total proposed investment for the project is Rs 2,433.72 crore.

Bharti Infratel has extended the deadline for its merger with Indus Towers by two more months to April 24, but cautioned that final call on scheme implementation will be taken by the board based on assessment of telecom crisis and its impact. The final decision to implement the scheme will be taken by the board keeping in mind the best interest of the company and its stakeholders including the assessment of the current crisis facing the telecom industry and the extent of its impact on the company's major customers.

Bharat Heavy Electricals (BHEL) has launched a companywide 'Quality First' initiative to put in place state-of-the-art processes, for making quality a hallmark of the company's products and services, as part of its efforts to transform the company into a Future-Ready Global Engineering Organisation.

Bharti Infratel has extended the deadline for its merger with Indus Towers by two more months to April 24, but cautioned that final call on scheme implementation will be taken by the board based on assessment of telecom crisis and its impact. The final decision to implement the scheme will be taken by the board keeping in mind the best interest of the company and its stakeholders including the assessment of the current crisis facing the telecom industry and the extent of its impact on the company's major customers.

The board of directors has further extended long stop date till April 24, 2020, subject to agreement on closing adjustment and other conditions precedent for closing, with each party retaining the right to terminate and withdraw the scheme.

Bharti Infratel is a provider of tower and related infrastructure, and deploys, owns and manages telecom towers and communication structures for various mobile operators.

The Department of Telecom (DoT) has approved the merger of Indus Towers with Bharti Infratel. The combination of Bharti Infratel and Indus Towers will create a pan-India tower company with over 163,000 towers, operating across all 22 telecom service areas. The combined entity will be the largest tower company in the world outside China. The company and Vodafone hold 42 per cent stake each in Indus.

As per the plans, the combined company, which would fully own the respective businesses of Bharti Infratel and Indus Towers, would change its name to Indus Towers and will continue to be listed on Indian stock exchanges.

Bharti Infratel is a provider of tower and related infrastructure, and deploys, owns and manages telecom towers and communication structures for various mobile operators.