Bharti Airtel promoter to sell 0.8% stake via Rs 9,300 crore block deal
Indian Continent Investment, a Sunil Mittal-led promoter entity in Bharti Airtel, may offload nearly 0.8% stake in the telecom company for over Rs 9,300 crore in a block deal on the exchanges on Friday, according to a term sheet seen by ET. The firm will sell 5 crore shares in the telecom operator, it said.
The deal may be executed at a floor price of Rs 1862 per share, a 3% discount to Thursday’s closing price of Rs 1,922.6.
