Thursday, December 27, 2012

Bharti Infratel IPO issue price at Rs 220 per share

Bharti Infratel IPO issue price at Rs 220 per share : Bharti Infratel Ltd will be in focus as the company is expected to list on the exchanges later today. Shares of Bharti Infratel, which raised over Rs 4000 crore in the biggest IPO in two years, will be listed on the stock exchanges later today.

The company has fixed the issue price at Rs 220 per share for institutional investors, while giving a discounted price of Rs 210 for retail investors.

Bharti Infratel Ltd  debuts after raising about $760 million in India's biggest IPO in two years. Traders expect shares to come under pressure due to concerns about the outlook for mobile tower operators.
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