Bharti Airtel Promoter Offloads 0.84% Stake for ₹8,485 Crore in Massive Block Deal

Indian Continent Investment, a promoter entity of Bharti Airtel, sold a 0.84% stake (5.1 crore shares) in the telecom giant for ₹8,485 crore through a block deal on February 18, 2025. The transaction, executed at ₹1,658.80 per share, represents a 1% discount to the previous closing price. This sale slightly exceeds the initially reported 0.8% stake offload. The deal involves a 180-day lock-up period for the seller and its affiliates. Following this transaction, Indian Continent Investment's stake in Bharti Airtel has reduced from 3.31% to approximately 2.47%. The move is part of the promoter group's ongoing capital management strategy.

 

Sources: Moneycontrol, Economic Times, CNBC-TV18