Mittal-led Indian Continent Investment sells 0.84 per cent stake in Airtel

Indian Continent Investment Ltd (ICIL), a promoter-group entity of Bharti Airtel Ltd (Airtel), on Tuesday sold around 0.84 per cent or 5.11 crore shares of the telco through an open market transaction for ₹8,485.11 crore. ICIL is the holding company of Sunil Bharti Mittal family.

Bharti Telecom, the main promoter of Airtel, anchored the trade by acquiring close to 1.20 crore shares which translated to 24 per cent of the ICIL’s stake sale.