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Bharti Airtel gains on launching Startup Accelerator Program

Bharti Airtel is currently trading at Rs. 373.80, up by 1.35 points or 0.36% from its previous closing of Rs. 372.45 on the BSE.

The scrip opened at Rs. 369.00 and has touched a high and low of Rs. 375.50 and Rs. 362.80 respectively. So far 574245 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 396.55 on 14-Oct-2019 and a 52 week low of Rs. 256.21 on 31-Oct-2018.

Last one week high and low of the scrip stood at Rs. 396.40 and Rs. 325.60 respectively. The current market cap of the company is Rs. 191653.12 crore.

The promoters holding in the company stood at 62.70%, while Institutions and Non-Institutions held 35.53% and 1.74% respectively.

Bharti Airtel has launched its Startup Accelerator Program to support growth of early stage Indian tech startups. With the advent of its Start-up Accelerator Program, the company aims to support the creation of a vibrant start-up ecosystem that contributes to ‘Digital India’.

Through company’s Startup Accelerator, early startups get access to Airtel’s online and offline distribution network, deep market understanding and ecosystem of global strategic partners. In addition, the company has also developed strong in-house capabilities around machine learning and artificial intelligence which could be leveraged to aid the growth of startups. Furthermore, startups also get access to advisory services from Airtel’s executive team.

The company announced the induction of Bengaluru based tech startup Vahan into its Startup Accelerator Program. The company will acquire a stake in Vahan and partner with them in building significant scale to achieve their vision of enabling jobs for the next billion internet users.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

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