Bharti Airtel shares in focus after acquiring 26% stake in AMP Energy Green Three

Shares of Bharti Airtel may remain in focus on Friday after the company announced that it has acquired nearly 3.79 crore shares of AMP Energy Green Three , representing a 26% stake. The announcement was made by Bharti Airtel on January 3, after market hours.

“In terms of Regulation 30 of the SEBI Listing Regulations, we wish to inform you that the company has entered into an agreement for the acquisition of 3,78,90,005 (26%) equity shares in AMP Energy Green Three Private Limited, a special purpose vehicle formed for the purpose of owning and operating the Captive Power Plant, in accordance with regulatory requirements for captive power consumption under electricity laws,” the company said in a filing to the exchanges. The transaction is valued at Rs 37.89 crore in total and involves the acquisition of 3,78,90,005 equity shares of Rs 10 each.



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5% over the last year, 13.5% over the last six months, but have fallen by 5.3% in the last three months.

Bharti Airtel shares closed 0.86% higher at Rs 1,609.75 on the BSE on Thursday.

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