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Bharti Infratel announces buyback of 4.70 crore equity shares

Bharti Infratel announces buyback of 4.70 crore equity shares

The buyback shall be undertaken on a proportionate basis from the shareholders as of June 16, 2016.

 

Bharti Infratel announced buyback of 4.70 crore equity shares of Rs 10 at a price of Rs 425 per share. 

The buyback shall be undertaken on a proportionate basis from the shareholders as of June 16, 2016.

Report says that aggregate paid-up equity capital and free reserves of the company as on March 31, 2016 was Rs 10,348 crores.

Bharti Infratel Ltd ended at Rs. 380.35, up by Rs. 1.75 or 0.46% from its previous closing of Rs. 378.6 on the BSE.
 
The scrip opened at Rs. 383.45 and touched a high and low of Rs. 385.5 and Rs. 378.15 respectively. A total of 4283699(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 72139.73 crore.
 
The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 500 on 05-Aug-2015 and a 52 week low of Rs. 341.6 on 29-Sep-2015. Last one week high and low of the scrip stood at Rs. 385.5 and Rs. 371.8 respectively.
 
The promoters holding in the company stood at 71.7 % while Institutions and Non-Institutions held 26.26 % and 1.96 % respectively.
 
The stock traded above its 200 DMA.

 

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