Government plans full exit from Bharti Hexacom with stake sale
after close1 source ↓written by the desknot a recommendation
- in Bharti Hexacom
- 15% stake
- Current market price
- ₹1,605 per share
- Market capitalization
- ₹80,230 cr
- IPO listing price
- ₹570 per share
- during the IPO
- 15% stake sale
The Government of India, through TCIL, is set to offload its 15% stake in Bharti Hexacom, marking a full exit from the telecom provider. This move aims to enhance the stock's free float and eliminate a supply overhang.
• Current market price: ₹1,605 per share
• Market capitalization: ₹80,230 cr
• Previous IPO listing price: ₹570 per share
This divestment follows a successful 15% stake sale during the IPO in April 2024, reflecting the government's strategy to monetize non-core assets.
Not investment advice. For informational purposes only.