Bharti Telecom increases stake in Airtel to 39.59 per cent

According to a stock exchange filing, Bharti Telecom Limited (BTL) has boosted its stake in Bharti Airtel to 39.59 per cent by acquiring an additional 1.35 per cent stake from another promoter group entity, Indian Continent Investment Limited (ICIL) through a Rs 83.01 billion block deal.

Following the latest block deal, ICIL’s stake in Airtel has dipped to 4.56 per cent. Meanwhile, ICIL’s stake in the telco was at 5.93 per cent as per the Airtel’s September 2023 quarter shareholding filing.