Bharti Airtel Block Deal Alert: Promoter Sells Rs 7200 Cr Stake – What It Means For Your Investment!

Overview

Bharti Airtel is set for a major block deal on November 26, where promoter entity Indian Continent Investment Ltd (ICIL) will sell approximately 0.56% stake, equating to 3.43 crore shares. The transaction is valued at around Rs 7,195 crore, offered at a 3% discount to the last closing price. This sale is a secondary transaction, with proceeds going to ICIL.