InvestorQ : Why was Bharti Infratel so sharply down on 11 June trading?
Anjana Aiyar made post

Why was Bharti Infratel so sharply down on 11 June trading?

Answer
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Arya Nanda answered.
3 months ago


Bharti Infratel ended 10% lower on Thursday trading after the board of Bharti Infratel postponed the meeting pertaining to decision on the merger with Indus Towers. They are still awaiting some details post which only the board meeting is proposed to be held. However, the board had clarified that the meeting will positively be held before the 24 June. Bharti Infratel is a leading provider of passive telecom infrastructure as it deploys, owns and manages infrastructure for a number of mobile operators. This delay resulted in the sharp fall in the stock price of Bharti Infratel.