Monday, 5 February 2018

Bharti Airtel Said Singtel Would Invest Rs 2,649 Crore In Promoter Company

Bharti Airtel said Singtel would invest Rs 2,649 crore in promoter company, Bharti Telecom via preferential issue.

Funds raised will be used towards debt reduction, it added. Singtel's stake in Bharti Telecom will increase to 48.9 percent from 47.2 percent.

PC Jeweller rallied more than 20 percent in early trade on huge buying, after the stock hit hard in previous session.

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