Bharati Telecom Unlisted Shares
Bharati Telecom is now Listed company. Arms securities given good profit to customers this company unlisted shares
We recommonded Bharati Telecom shares at INR 30 and the current value of shares is INR 745
BHARATI TELECOM
Bharti Telecom manufactures push button telephones, cordless telephones, and fax machines. The company was founded in 1984 and is based in New Delhi, India. Bharti Telecom operates as a subsidiary of Bharti Enterprises. Bharti Telecom recently raised its stake in Bharti Airtel to over 50% through open market purchases.
| Value | |
| Offer price to minority shareholders (Rs/share) | 163.25 |
| DDT (Rs) | 33.55 |
| Effective price per share (Rs) | 196.80 |
| Total shares of Bharti Telecom (cr) | 261.07 |
| Illiquidity discount (%) | 25% |
| Equity Value of Bharti Telecom (in Rs cr) | 68,497 |
| Net debt of Bharti Telecom (in Rs cr) | 5,251 |
| Implied value of holdings of Bharti Airtel (in Rs cr) | 73,747 |
| Total shares held in Bharti Airtel (cr) | 200.27 |
| Implied share price for Bharti Airtel (Rs) | 368 |
In our view, the exit price of Rs163.25 per share (which together with the dividend distribution tax of Rs33.55 per share payable by the company on account of capital reduction amounts to Rs196.80 per share) is reasonable. If the minority shareholders would have sold the BTL shares in a bilateral trade, the same would have been subject to capital gain taxes.
The total outlay for BTL for this capital reduction is Rs560cr for a total of 2.84cr shares (1.09% of the total shares).
Bharti Airtel is in the Telecommunications – Service sector. The current market capitalisation stands at Rs 132,333.93 crore.
The company management includes Sunil Bharti Mittal – Chairman, Gopal Vittal – Managing Director & CEO, Chua Sock Koong – Non Executive Director, Rakesh Bharti Mittal – Non Executive Director, Tan Yong Choo – Non Executive Director, Manish Kejriwal – Independent Director, Shishir Priyadarshi – Independent Director, D K Mittal – Independent Director, Ben Verwaayen.
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