A maturing market amid the mayhem
Bharti Airtel rises
Shares of Bharti Airtel closed 0.3 percent up on Wednesday in a broader market that ended 0.4 percent higher.
The telecom major hit an intra-day high of over 2 percent before closing.
Bharti Airtel needs to work on getting regulatory clearances for its $9 billion deal to buy 15 African operations of Kuwaiti telecom Zain, and turning around the loss-making assets would be its priority.
The stock has moved over 7 percent so far this month, while for the year it has given a negative return of over 5 percent.
Do you think the Bharti-Zain deal will add value to the company and boost its shares?