Bharti Telecom Limited has raised its stake in Bharti Airtel to 40.47% following a significant market transaction. Indian Continent Investment Limited (ICIL), a promoter-group entity of Bharti Airtel, sold approximately 0.84% stake (around 5.11 crore shares) for ₹8,485.11 crore.
At 11:05 AM today, Bharti Airtel’s shares were trading at ₹1,662.50, down ₹13.05 (0.78%) on the NSE. Bharti Telecom acquired about 1.20 crore shares, representing 24% of ICIL’s total sale, while the remaining shares were allocated to key global and domestic institutional investors, according to the company filing.
This move follows Bharti Telecom’s November 2024 acquisition of an additional 1.2% stake (7.31 crore shares) from ICIL. The company reaffirmed its strategy to strengthen its position as the primary controlling entity of Airtel.
Bharti Telecom emphasized its commitment to gradually increasing its stake while maintaining a prudent leverage profile. This transaction aligns with its long-term consolidation strategy, following similar stake increases in August 2022 and December 2023, reinforcing its controlling interest in one of India’s largest telecom companies.
