Bharti Infratel share price rises 5% on block deal worth Rs 1,647 crore

The stocks of Bharti Infratel added over 5 per cent intraday on December 2. The reason for the same is a block deal of 7.6 crore shares. As per the details, 4.12 per cent of equity i.e. 7.6 crore shares worth 1,647.7 crores were traded on BSE and NSE. The average price for the share was Rs. 215 per share, as reported by CNBC – TV18.

As per the shareholding pattern of September 2020, Bharti Infratel and Nettle Infrastructure Investments were the main promoters with holdings of 33.57 per cent and 19.94 per cent respectively.

The shares of Bharti Infratel were trading at Rs 221.45 on the BSE at 12:35 hours, which was up by Rs 5.45 or 2.52 per cent. The shares of Bharti Infratel touched their 52-week high level of Rs. 295.75 on 2nd December 2019 and a 52-week low of Rs 121.25 on 19th March 2020. The current trading levels are 25.12 per cent below when compared to the 52-week high and 82.64 per cent above its 52-week low.