Bharti Airtel shares are in focus following partnership with Elon Musk’s SpaceX. On Tuesday, it had signed an agreement with SpaceX to bring Starlink’s satellite internet service to customers in India.
The stock traded flat at ₹1,653.15 as at 10.24 am, after rising 3 per cent to ₹1,716.65 in early trade.
In another stock exchange filing, the telecom operator announced that it has transferred its entire 69.94 per cent stake in Airtel Payments Bank to wholly-owned subsidiary Airtel Limited.
“The shareholding of 69.94 per cent, held by Bharti Airtel Limited in Airtel Payments Bank Limited, is being transferred to the Company’s wholly-owned subsidiary (i.e. Airtel Limited), post receiving requisite regulatory and corporate approvals. The above is an internal reorganisation of shareholding in the Bank and has no impact on the ownership of the Bank,” it read.
