NewsBusinessBharti Infratel shares slump 11% in market debut
Bharti Infratel shares slump 11% in market debut
New Delhi, Dec 28: On Friday, Bharti Infratel Ltd, backed by billionaire Sunil Mittal, made a disappointing debut on the bourses and fell as much as 11 per cent in early morning trade. Shares of
New Delhi, Dec 28: On Friday, Bharti Infratel Ltd, backed by billionaire Sunil Mittal, made a disappointing debut on the bourses and fell as much as 11 per cent in early morning trade. Shares of the stock were significantly down from its IPO price of Rs. 220 per share for funds and wealthy investors, who received the majority of the share allocation.
Retail investors got Bharti Infratel shares at Rs 210 and to cornerstone investors at Rs 230.
