Bharti Telecom to be delisted

The second open offer to buy the company’s shares by the Mittals of Bharti group closed on January 5. Gupta said the company was able to get the nine per cent stake held by Chennai-based Sterling Horticulture Limited through the offer.

The offer, priced at Rs 96 per share, was made by the two group companies, Bharti Enterprises and its fully-owned subsidiary Bharti Global. After the open offer, the second in succession, the holding of Mittals has gone up to 92 per cent through their group companies – Bharti Enterprises and Bharti Global. The remaining eight per cent shares are with the public.