Mittal offloads Rs 8,500 cr worth of shares in Airtel

NEW DELHI: Sunil Bharti Mittal-backed Indian Continent Investment Limited (ICIL) offloaded Rs 8,500 crore worth of shares in Bharti Airtel on Tuesday.

As per a statement by the company, ICIL sold 5.11 crore shares of Bharti Airtel through a block deal. Bharti Telecom, one of the largest promoters of Bharti Airtel, acquired 1.20 crore of those shares worth Rs 2,000 crore. As per information available on exchanges, foreign investors bought shares worth Rs 5,581 crore, while domestic investors acquired shares worth Rs 754 crore.