Sunil Mittal entity likely to divest close to 0.56% in Airtel

Mumbai: Indian Continent Investment, a Sunil Mittal–led promoter entity–may offload nearly 0.56% stake in Bharti Airtel for about ₹7,200 crore through a block deal on the exchanges on Wednesday, according to news reports. The firm will sell 3.43 crore shares in the telecom operator.

The deal may be executed at a floor price of ₹2,096.7 per share, a 3% discount to Tuesday’s closing price of ₹2,161.6, the reports said.