Bharti’s plan to delist Zambian arm hits hurdle

MUMBAI: Bharti Airtel’s plans to delist its Zambian arm, Celtel Zambia, have hit a roadblock with the Lusaka Stock Exchange rejecting its application to delist reportedly for “procedural flaws.”

Bharti-controlled Celtel Zambia is the top mobile phone company in Zambia with a 70% market share.

Shares of Bharti Airtel were at Rs 328.30, up 0.29 per cent on the NSE. It touched a high of Rs 333.20 and low of Rs 323.40 in trade so far. Around 10.65 lakh shares were traded in the counter.