Bharti Airtel Stock Plummets as Promoter Sells Huge Stake: Is This the Start of a Major Shift?

Overview

Bharti Airtel shares dropped nearly 3% on the BSE, hitting ₹2,100, following a significant block deal. Promoter entity Indian Continent Investment (ICIL) offloaded 34.4 million shares, or 0.6% equity, at a discount. This reduces ICIL's stake to 0.92% and is the third such sale this year, potentially linked to the founder's interest in acquiring a stake in Haier India.