Airtel Africa deal and Zydus acquisition drive market focus
after close1 source ↓written by the desknot a recommendation
- worth
- 14.6 crore shares
- worth
- ₹28,220 cr
- each
- ₹1,923
- in Airtel Africa
- 16.31% stake
- deal
- $2.9 billion
Bharti Airtel approved issuance of 14.6 crore shares worth ₹28,220 cr at ₹1,923 each for a 16.31% stake in Airtel Africa as part of a $2.9 billion deal. Zydus Lifesciences plans a share buyback and will acquire Assertio Holdings for $166.4 million. PNC Infratech won a ₹572 cr project, while Bajel Projects secured orders from PowerGrid valued at ₹200-300 cr each.
Not investment advice. For informational purposes only.