ICIL sells 0.56% in Bharti Airtel

Indian Continent Investment, (ICIL), a promoter entity of Bharti Airtel, on Wednesday offloaded 0.56% of its shareholding (34.2 million shares) in Bharti Airtel through a block deal on the National Stock Exchange, the telco said in an exchange filing. The transaction was valued at Rs 7,195 crore.

Sunil Bharti Mittal’s family office owns ICIL, a Mauritius-based private equity firm and part of the telecom operator’s promoter group.