bharti airtel: Bharti Hexacom a telecom leader with strong parentage, but offer looks pricey

Synopsis

BHL provides mobile, fixed-line, and broadband services in Rajasthan, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. The company expanded its revenue market share in Rajasthan to 40.4% in nine months to December 2023 from 32.7% in FY21 and in North East to 52.7% from 42% by similar comparison.

ET Intelligence Group: Bharti Hexacom (BHL), which provides telecommunication services in Rajasthan and some of the North Eastern states, plans to raise up to Rs 4,275 crore through an offer for sale where the existing shareholder Telecommunications Consultants India (TCIL), a government entity, will offload half of its 30% stake in the company. BHL is a leader in the North East telecom circles and has a strong parentage of Bharti Airtel, which

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