Bharti Infratel dips 5% as Co extends deadline for merger with Indus Towers

Bharti Infratel shares slumped as much as 5.6 per cent to Rs 220 apiece on the BSE on Thursday, after the company extended the deadline for completion of merger with Indus Towers by over two months till August 31.

At 09:48 am, the stock was trading around 4 per cent lower at Rs 224 on the BSE. In comparison, the benchmark S&P BSE Sensex was trading flat at 34,752, down 0.33 per cent.

The stock had hit a 52-week high of Rs 295.75 on December 2, 2019 while its 52-week low as well as its all-time low stands at Rs 121.25, touched on March 19, 2020. Bharti Infratel shares had hit an all-time high of Rs 505 on May 29, 2015.