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FTSE global equity indices to include Bharti Infratel shares

FTSE global equity indices to include Bharti Infratel shares

Bharti Infratel, the telecom tower infrastructure services provider, will be included in the FTSE Global Equity Indices starting January 7.

Bharti Infratel, the telecom tower infrastructure services provider, will be included in the FTSE Global Equity Indices starting January 7.

The FTSE All-World index is used by investors worldwide to structure and benchmark their international equity portfolios.

The listing on FTSE follows the company's initial public offering (IPO) of 188,900,000 equity shares and its listing on the National Stock Exchange and Bombay Stock Exchange in India.

"Bharti Infratel will be added to FTSE All-World Index (Large Cap) with a investability weighting of 9 per cent and will also be added to FTSE All-Emerging Index," the company said in a statement.

Shares of Bharti Infratel, which raised over Rs 4,118 crore in the biggest IPO in two years, had made a weak debut on the bourses on December 28, falling by nearly 11 per cent over its issue price of Rs 220 per share.

The stock has witnessed a rebound in the past four days and witnessed an all-time high of Rs 204.30 on BSE, largely due to reports about inclusion in FTSE indices.

The FTSE global equity universe covers over 7,400 securities in 47 different countries and captures 98 per cent of the world's investable market capitalisation.

With inputs from PTI