Bharti Airtel share price falls after promoter-group entity ICIL sells 0.84% stake worth ₹8,485 crore

Bharti Airtel share price fell over a percent on Tuesday after the telecom company announced that its promoter-group entity Indian Continent Investment Limited (ICIL) sold 0.84% stake in the company. Bharti Airtel shares declined as much as 1.15% to ₹1,656.15 apiece on the BSE.

In a stock exchange filing on February 18, Bharti Airtel said that Indian Continent Investment Limited (ICIL) sold 0.84% shareholding, or 5.11 crore equity shares in Airtel through a market transaction, for an aggregate amount of ₹8,485.11 crore.