The stock had hit a 52-week high of Rs 295.75 on December 2, 2019 while its 52-week low as well as its all-time low stands at Rs 121.25, touched on March 19, 2020. Bharti Infratel shares had hit an all-time high of Rs 505 on May 29, 2015.
Vodafone Idea, too, issued an update in relation to the merger of Indus with Bharti Infratel. "The consummation of the Merger is subject to mutual agreement between the parties on the pre-closing adjustments, and other conditions precedent for closing," the company said in a regulatory filing on Wednesday.
Vodafone Idea holds 11.15 per cent stake in Indus Towers.
On April 24, Bharti Infratel had said that its board took note of the status of the scheme of arrangement between Indus and Bharti Infratel and further extended the long stop date till June 24, 2020.
For the quarter ended March 2020, the company had reported a 7 per cent increase in consolidated net profit for the March quarter at Rs 650 crore. The consolidated revenues for Q4 FY20 came in marginally higher at Rs 3,624 crore, according to a company statement. CLICK HERE TO READ FULL REPORT
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