Indian Continent Investment (ICIL), promoter group entity of Bharti Airtel , is set to offload 34.3 million shares through a block deal, with a floor price of Rs 2,096.70 per share. The transaction, worth approximately Rs 7,191 crore, marks a significant stake sale as part of ICIL’s portfolio restructuring.
Indian Continent Investment, a key promoter entity of Bharti Airtel , is set to launch a major block deal, selling about 0.56% of Airtel’s equity via 34.3 million shares at the floor price of Rs 2,096.70 per share. The move is part of ICIL’s continuous capital management and portfolio optimization strategy.
The deal is expected to attract strong interest from marquee domestic and global institutional investors seeking exposure to Bharti Airtel , India’s second-largest telecom company. The sale coincides with Airtel’s robust quarterly performance, including rising ARPU and healthy growth in both wireless and digital segments. Recent block deals by promoter entities, including Bharti Telecom and Singapore’s Singtel, have underscored the evolving structure of Airtel’s shareholder base.
The floor price represents a modest discount to Airtel’s previous close, aligning with market norms for large secondary transactions. Analysts note that the deal is unlikely to disrupt Airtel’s fundamentals or long-term growth outlook, as promoter share sales continue to consolidate ownership among core stakeholders.
Key Highlights:
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ICIL to sell 34.3 million shares of Bharti Airtel , representing 0.56% equity
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Floor price set at Rs 2,096.70 per share, deal size about Rs 7,191 crore
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Part of ongoing portfolio restructuring and capital management by promoter
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Follows prior block deals by Bharti Telecom and Singapore’s Singte
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Airtel continues strong growth in ARPU and digital services amid sector tailwinds
Sources: Economic Times, Moneycontrol, Business Standard, CNBC TV18