Bharti Airtel rises after its subsidiary gets scheduled bank status from RBI

Bharti Airtel is currently trading at Rs. 698.85, up by 1.65 points or 0.24% from its previous closing of Rs. 697.20 on the BSE.

The scrip opened at Rs. 702.90 and has touched a high and low of Rs. 702.90 and Rs. 691.85 respectively. So far 47149 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 781.90 on 24-Nov-2021 and a 52 week low of Rs. 490.36 on 25-Mar-2021.

Last one week high and low of the scrip stood at Rs. 703.05 and Rs. 674.15 respectively. The current market cap of the company is Rs. 410460.39 crore.

The promoters holding in the company stood at 55.86%, while Institutions and Non-Institutions held 39.02% and 5.13% respectively.

Bharti Airtel’s subsidiary — Airtel Payments Bank has been categorised as a scheduled bank by the Reserve Bank of India (RBI). With this, Airtel Payments Bank can now pitch for government-issued Requests for Proposals (RFPs) and primary auctions and undertake both central and state government business, besides participating in government-operated welfare schemes.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

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