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Rediff News  All News  » Business » Bharti joins Rs 2 tn Mcap club; Mittal 4th trillionaire

Bharti joins Rs 2 tn Mcap club; Mittal 4th trillionaire

October 10, 2007 16:39 IST
Bharti Airtel entered the coveted Rs 2 trillion club on Wednesday, joining the likes of Reliance Industries and state-run ONGC, while its Chairman Sunil Bharti Mittal became India's fourth trillionaire in rupee terms. 

Bharti Airtel's scrip surged 2.60 per cent on Wednesday to Rs 1,067 on the Bombay Stock Exchange in the afternoon trade taking its market capitalisation to Rs 2,02,627 crore (Rs 2,026.27 billion) in intra-day.

The scrip had touched an all-time high of Rs 1,149
on the bourse earlier in the day. Mittal, who owns about 50 per cent stake in the group's flagship Bharti Airtel, saw his wealth soar to Rs 1,01,314 crore (about $25.51 billion), joining the league of trillionaires Mukesh Ambani, Anil Ambani and Azim Premji.
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