Published on 13/10/2017 12:36:12 PM | Source: Dion Global Solutions Ltd.

Bharti Airtel jumps 8% on merger deal with Tata Tele

Shares of Bharti Airtel rallied nearly 8 per cent on the Bombay Stock Exchange after the Sunil led company entered into deal with Tata Group to acquire its mobile services business. Boosted by the development, shares of the telecom major gained as much as 7.98 per cent to trade at intra-day high of Rs 432.00 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the company were trading 6.68 per cent higher at Rs 427.00 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 32,416.61, up 234.39 points, or 0.73 per cent, at 11:55 hours.