Bharti Airtel surges 15% in two days on stake sale plan in Bharti Infratel

The stock was up 6% at Rs 354 on the BSE in intra-day trade on Tuesday, gaining 15% in the last two trading days.

Shares of Bharti Airtel were trading higher for the second straight day, up 6 per cent at Rs 354 on the BSE on Tuesday. The stock of telecom services provider has surged 15 per cent in past two trading sessions, after the company said it will shed its stake in the Bharti Infratel from 50.33 per cent to 18.33 per cent.

Nettle Infrastructure Investments, a wholly-owned subsidiary of Bharti Airtel, will buy a 32 per cent stake or 591.87 million equity shares in the telecom tower company.

The proposed date for acquisition will be on or after March