Bharti Airtel promoter entity ICIL sells 3.43 cr shares for ₹7,189 cr

New Delhi: ICIL, a company belonging to telecom czar Sunil Bharti Mittal’s family office, on Wednesday sold 3.43 crore equity shares, or 0.56% stake, in Bharti Airtel for about ₹7,190 crore (USD 806 million).

After the share sale, Bharti Airtel’s scrip fell 3% to ₹2,097.50 apiece on the NSE while it dipped by 2.81% to ₹2,100 per share on the BSE.

The Indian Continent Investment Ltd (ICIL) is one of the promoter entities in city-based Bharti Airtel.