Bharti Airtel share rises 2%, here s why
Following the news, Bharti Airtel share price opened higher at Rs 542.80 and later gained 2.62% intraday to Rs 554.40 against the previous close of Rs 540.25
BusinessToday.In | January 11, 2021 | Updated 15:59 IST
Bharti Airtel share is trading higher than 5, 20, 50, 100 and 200-day moving averages
Bharti Airtel share price gained over 2% intraday on Monday following reports that the telecom major received almost all regulatory approvals required to raise foreign direct investment (FDI) in its downstream companies.
Bharti Airtel has received approval from Reserve Bank of India (RBI) and the Foreign Investment Promotion Board (FIFB), to increase FDI up to 74% in its payments bank, Airtel Payments Bank.