You are here: Home » Markets ยป News
;
Business Standard

Bharti Infra stocks get jitters on a possible Vodafone-Idea merger

On the BSE, the stock plummeted 7.07% and finally settled at Rs 328.8 by the end of the day

Megha Manchanda  |  New Delhi 

Shares of Bharti Infratel on Monday fell sharply by 7% on bourses after Vodafone confirmed it was in discussions with Idea Cellular for a possible merger. On the BSE, the stock plummeted 7.07% and finally settled at Rs 328.8 by the end of the day.

According to a Mumbai-based analyst, the impact of Vodafone-Idea merger on Bharti Infratel would only be in the near term as the telecom tower company will have to re-synchronise its existing network. Global telecom major Vodafone on Monday confirmed it was in discussion to merge its India mobile business with Aditya Birla ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, January 30 2017. 23:22 IST