The sale will be through the stock exchange. Bharti Airtel will raise up to 11.25 billion rupees (USD 183 million) at the floor price set, according to Reuters calculation.
Bharti Airtel , India's top mobile phone carrier, said it will sell up to 45 million shares in unit Bharti Infratel Ltd on Thursday at a floor price of Rs 250 a share.
The sale will be through the stock exchange. Bharti Airtel will raise up to 11.25 billion rupees (USD 183 million) at the floor price set, according to Reuters calculation.
As of end-June, Bharti Airtel owned 79.4 percent of Bharti Infratel, which is a mobile phone mast operator.
Bharti Airtel stock price
On August 07, 2014, at 09:20 hrs Bharti Airtel was quoting at Rs 366.00, down Rs 1.45, or 0.39 percent. The 52-week high of the share was Rs 386.80 and the 52-week low was Rs 279.25.
The company's trailing 12-month (TTM) EPS was at Rs 19.52 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 18.75. The latest book value of the company is Rs 166.93 per share. At current value, the price-to-book value of the company is 2.19.
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