Bharti Infratel slips nearly 4% after block deal

Bharti Infratel dipped 3.96% at Rs 382.15 per share on the BSE with total traded quantity of 827.18 lakh. On the NSE, the stock witnessed trade of 6.9 crore shares worth Rs 2,650 crore at an average of Rs 380 per share.
 
Block deal is a trade with a minimum quantity of 5 lakh shares or minimum value of Rs 5 crore, executed through a single transaction, on the special block deal window. The stock is providing a dividend yield of 3.77%. The company has been maintaining a dividend payout of 90.11% and has had a return on equity of 9.89% for the last three years.
 
Bharti Infratel is a provider of tower and related infrastructure and deploys, owns, and manages telecom towers and communication structures for various mobile operators.