However, the stock climbed off the opening highs after Bharti Airtel
issued a clarification to the exchanges saying that "no such proposal is currently under consideration".
In an exchange filing, Bharti Airtel
said, "the Company routinely works with all digital and OTT players and has deep engagement with them to bring their products, content and services for our wide customer base. Beyond that, there is, at this stage, no such proposal in consideration."
"Such speculative reporting while moving the stock price leads to unwarranted consequences and can result in reputational impact." the filing said.
At 9:52 AM, the stock was up 0.34 per cent at Rs 575.10 on the BSE as compared to the Sensex's 0.62 per cent gain. Around 1.6 crore shares have changed hands on the counter on the NSE and BSE combined so far. The stock was trading close to its all-time high level of Rs 611.70, hit on May 20, 2020 on the BSE.