Bharti Airtel clarifies on Google investment buzz; stock hits new high

Bharti Airtel said the company evaluates various opportunities of potential investor engagement and takes decisions in a judicious manner

Shares of Bharti Airtel hit a new high of Rs 652 as they rallied 5 per cent on the BSE in intra-day trade on Tuesday after the company said it has received interest from high quality investors and companies for its various businesses. The stock surpassed its previous high of Rs 644 touched on August 16, 2021.

In the past two days, the market price of Bharti Airtel has surged 9 per cent after the telecom services provider, on Sunday, announced fund raise of Rs 21,000 crore by way of rights issue, primarily to fund its dues linked to