Bharti Airtel gains 2% on receiving DoT nod for hiking FDI limit

NEW DELHI: Shares of Bharti Airtel gained 2 per cent in Wednesday’s trade after the telecom operator received nod from department of telecom (DoT) for increasing FDI (foreign direct investment) limit in the company to 100 per cent from 49 per cent earlier.

However, the scrip erased gains as the session progressed. At 10 pm, it was trading 0.15 per cent lower at Rs 510.60 on BSE. The stock jumped 2.47 per cent in early trade to hit a high of Rs 524.

The company also has the approval of the RBI that allowed foreign investors to hold up to 74 per cent stake in the company.