Bharti Airtel promoter entity, Indian Continent Investment Limited (ICIL) has divested 51.1 million shares of Bharti Airtel at an average price of Rs 1,660 per share. This sale accounts for approximately 0.84 per cent (Rs 84.85 billion) of Bharti Telecom Limited’s stake. Before the transaction, ICIL held a 3.31 per cent stake in Bharti Airtel, valued at over Rs 201.3 million.
Among key buyers, Vanguard International Value Fund acquired 1.7 million shares at Rs 1,660 per share, while WhiteOak India Equity Fund VI purchased more than 0.104 million shares. Other major transactions included Goldman Sachs Trust II – Goldman Sachs GQG Partners International Opportunities Fund buying over 1.7 million shares. GQG Partners Emerging Markets Equity Fund also made multiple purchases, collectively acquiring over 8 million shares.
Bharti Telecom Limited, a promoter of Bharti Airtel, bought over 12 million shares through this deal, increasing its stake in Bharti Airtel to approximately 40.5 per cent.
