Airtel Stake Sale by Promoter Group
Indian Continent Investment Limited (ICIL), part of Bharti Airtel’s promoter group, sold a 0.56% stake, equivalent to 34.3 million shares, for Rs. 7,200 crore to institutional investors. This strategic move lowers the promoter’s stake below 1% and reflects strong market interest. Following the sale, Airtel shares closed at Rs. 2,127.10, down 1.56%.