Bharti Hexacom Shares Rise 3% On Deals With Adani Data Networks For Spectrum Usage

Shares of Bharti Hexacom roseate complete 3% connected Wednesday aft Bharti Airtel's subsidiary said it on pinch nan genitor patient has inked definitive agreements pinch Adani Data Networks Limited (ADNL), a subsidiary of Adani Enterprises to get authorities to usage of 400 MHz of spectrum successful nan 26 GHz set successful Gujarat (100 MHz), Mumbai (100 MHz), Andhra Pradesh (50 MHz), Rajasthan (50 MHz), Karnataka (50 MHz) and Tamil Nadu (50 MHz). 

Bharti Hexacom banal surged 3.32% to Rs 1695.45 against nan erstwhile adjacent of Rs 1639.75 connected BSE. Market headdress of nan patient roseate to Rs 83,602 crore

The banal touched its all-time precocious of Rs 1695.45 connected April 23 this twelvemonth and a 52 week debased of Rs 854.20 connected April 12, 2024.

A full of 7492 shares of nan patient changed hands, amounting to a turnover of Rs 1.25 crore connected BSE. Market headdress of nan patient roseate to Rs 83,200 crore. 

"Bharti Airtel Limited and its Subsidiary, Bharti Hexacom Limited (“Airtel” aliases “Company”) person entered into definitive agreements pinch Adani Data Networks Limited (ADNL), a subsidiary of Adani Enterprises to get authorities to usage of 400 MHz of spectrum successful nan 26 GHz set successful Gujarat (100 MHz), Mumbai (100 MHz), Andhra Pradesh (50 MHz), Rajasthan (50 MHz), Karnataka (50 MHz) and Tamil Nadu (50 MHz). The closing of nan transaction is taxable to restitution of nan modular conditions (including conditions stated successful nan Spectrum Trading Guidelines) and statutory approval(s)," said Bharti Airtel. 

On nan different hand, Bharti Airtel banal was trading 0.57% higher astatine Rs 1862.60 connected BSE.  Market headdress of Airtel stood astatine Rs 10.62 lakh crore. 

The banal made a beardown marketplace debut connected April 12 past year.

Bharti Hexacom banal listed astatine Rs 755.20 connected BSE, a premium of 32.49 per cent complete nan rumor value of Rs 570 per share. The banal listed a premium of 32.46 per cent astatine Rs 755 connected NSE.Bharti Hexacom Limited provides fixed-line telephone and broadband services to customers successful Rajasthan and North East telecom circles successful India.

Published on: Apr 23, 2025 2:34 PM IST