After the announcement by the telecom company, the price of the Bharti Airtel share was more than one percent on Tuesday that its promoter-group Indian Continent Investment Limited (ICIL) sold 0.84% stake in the company. Bharti Airtel’s shares decline by 1.15% 1,656.15 Apties on BSE.
In a stock exchange filing on 18 February, Bharti Airtel said that the Indian continent investment limited (ICIL) sold 0.84% shareholding, or 5.11 crore equity shares in Airtel through a market transaction, for a total amount. 8,485.11 crores.
Airtel promoter Bharti Telecom anchored business by obtaining 24% of today’s 1.20 crore shares, or 24% of ICIL, which helped allocate the overall book to allocate only the leading marki long names, both global and domestic said. .
The transaction follows the acquisition of the recent 1.2% stake of Bharti Telecom, or the acquisition of 7.31 crore shares from ICIL to Airtel in November 2024.
“With this, Bharti Telecom is now 40.47% of Airtel, strengthening its pre -explained intentions to strengthen its position, as the remaining one misleading leverage profile as a major vehicle to control control in Airtel While maintaining, it is gradually focused on increasing its stake as it does, ”Bharti Airtel said.
At 10:25 am, Bharti Airtel shares were trading 0.98% less 1,659.20 Apis on BSE.
