Government may sell 15% stake in Bharti Hexacom in multiple chunks

Last week, Bharti Hexacom, a unit of Sunil Mittal-driven Bharti Airtel completed shares allotment to the investors following the public issue early this month. The qualified institutional investors (QIB) showed an overwhelming response and the portion was oversubscribed by 48.57-fold. “The investors have shown confidence in the growth story of the telecom sector. A right mix of price and issue size can attract investors’ interest and fetch better returns,” Kumar said.
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