Bharti Airtel shares are in focus following partnership with Elon Musk’s SpaceX. On Tuesday, it had signed an settlement with SpaceX to deliver Starlink’s satellite tv for pc web service to clients in India.
The inventory traded flat at ₹1,653.15 as at 10.24 am, after rising 3 per cent to ₹1,716.65 in early commerce.
In one other inventory trade submitting, the telecom operator introduced that it has transferred its whole 69.94 per cent stake in Airtel Funds Financial institution to wholly-owned subsidiary Airtel Restricted.
“The shareholding of 69.94 per cent, held by Bharti Airtel Restricted in Airtel Funds Financial institution Restricted, is being transferred to the Firm’s wholly-owned subsidiary (i.e. Airtel Restricted), put up receiving requisite regulatory and company approvals. The above is an inner reorganisation of shareholding within the Financial institution and has no impression on the possession of the Financial institution,” it learn.
