Bharti Infratel shares jump over 5% as firm to proceed with Indus Towers merger

Shares of Bharti Infratel NSE 3.31 % on Tuesday jumped over 5 per cent in early trade after the company said its board has decided to proceed with the scheme for merger with Indus Towers. The stock gained 4.91 per cent to Rs 208 on the BSE.

At the NSE, it rose by 5.16 per cent to Rs 208.80.

Bharti Infratel on Tuesday said its board has decided to proceed with the scheme for merger with Indus Towers, and that the cash consideration chosen by Vodafone Idea for its 11.15 per cent stake in Indus Towers is expected to be about Rs 4,000 crore