Bharti Telecom, the majority stakeholder in the country’s largest private telecom operator Bharti Airtel, has purchased a total of over 14.93 lakh shares of the company for Rs 54.51 crore, through open market transactions.
The company has purchased 14,93,046 shares through four market transactions worth Rs 54.51 crore, Bharti Airtel said in a disclosure to the BSE.
Prior to the acquisition, the promoter group firm held a 45.55 per cent stake in the company, which has now increased to 45.58 per cent, as per the filing.
The promoter group firm acquired the shares on November 23 and November 24, 2011, it added.
As per the shareholding pattern available on the BSE for the quarter ended September, Bharti Telecom held a 45.54 per cent stake in Bharti Airtel.
Recently, two top executives of Bharti Airtel sold 1.15 lakh shares of the company worth Rs 4.60 crore through open market transactions.
Shares of Bharti Airtel were trading at Rs 377.90 on the BSE, down 0.07 per cent from their previous close.