Big move by Sunil Mittal & Family, promoter entity sells Bharti Airtel shares for Rs 112270000000 via…, holding reduced to…
ICIL is among the key promoter groups of the Gurugram-headquartered Bharti Airtel. ICIL Sells Shares In Bharti Airtel
According to the bulk deal data available on the NSE, Indian Continent Investment Ltd offloaded a total of 6 crore equity shares in two tranches or a 0.98 per cent stake in Bharti Airtel.
The shares were disposed of in the price range of Rs 1,870.40-1,871.95 apiece, taking the combined deal value to Rs 11,227.05 crore.
After the latest transaction, ICIL's holding in Bharti Airtel has come down to 1.49 per cent from 2.47 per cent. Also, the holding of promoters has reduced to 50.27 per cent from 51.25 per cent.
Meanwhile, Bharti Telecom Ltd remained the largest promoter entity with a 40.47 per cent stake. Details of the buyers of Bharti Airtel's shares could not be ascertained on the exchange. Bharti Airtel Share After Q1 Results
Shares of Bharti Airtel fell 3.28 per cent to close at Rs 1,859.50 apiece on the NSE. On Tuesday, Bharti Airtel reported a 43 pc year-on-year increase in its consolidated profit at Rs 5,947.9 crore in the first quarter ended June 2025.
The company had posted a profit of Rs 4,160 crore in the same period a year ago. The consolidated revenue from operations of Bharti Airtel increased by 28.4 per cent to Rs 49,463 crore during the reporting quarter from Rs 38,506.4 crore in the June quarter of the last year, the company said.
Bharti Airtel's India revenue increased by 29 per cent YoY to Rs 37,585 crore. Its average revenue per user (ARPU), a key matrix to determine a telecom operator's growth, in India increased to Rs 250 during the quarter under review compared to Rs 211 in the same period a year ago.
(With Inputs From PTI)
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