JIO IPO : WHY BHARTI AIRTEL SHARE PRICE IS RISING AHEAD OF RS 30 , 213 CRORE OFFER

What happened: Bharti Airtel shares rose 6 per cent over two days as Jio Platforms prepares a Rs 30,213 crore IPO on Wednesday. Airtel recently raised postpaid tariffs by Rs 50, with plans starting at Rs 499. Key numbers: Rs 30,213 crore IPO; 6 per cent two day gain; Rs 50 postpaid tariff hike; plans from Rs 499; 2.9 per cent equity dilution; Airtel high of Rs 1,909.20 on BSE, up about 3 per cent; 2.94 per cent Why it matters: Analysts see limited short term shift of investments from Airtel to Jio given the low public float, and expect Jio's listing to pave the way for further tariff hikes.

Bharti Airtel shares rose 6 per cent over two days as Jio Platforms prepares a Rs 30,213 crore IPO on Wednesday. Airtel recently raised postpaid tariffs by Rs 50, with plans starting at Rs 499.

Analysts see limited short term shift of investments from Airtel to Jio given the low public float, and expect Jio's listing to pave the way for further tariff hikes.