Bharti Airtel surges 8% after 9% fall in two days
The company’s partner Singapore Telecommunications, which owns about one-third of Bharti, said that it has full faith in the Indian company’s corporate-governance
Bharti Airtel has surged almost 8% to Rs 302, recovering almost all its losses made in past two days on the bourses. The stock opened at Rs 286 and has seen a combined 4.91 million shares changing hands on the counter till 1136 hours on BSE and NSE.
Shares of telecom services provider had dipped 9% in past two trading session to Rs 281 from Rs 308 after a Delhi special court summoned the Bharti’s chairman Sunil Mittal pertaining to its allegation over the allocation of additional spectrum in 2002.
Meanwhile, the company’s partner Singapore Telecommunications Ltd, which owns about one-third of Bharti, said that it has full faith in the Indian company’s corporate-governance standards.
For more visit: Business Standard
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