Latest news with #ICIL
India.com
2 days ago
- Business
- India.com
Big move by Sunil Mittal & Family, promoter entity sells Bharti Airtel shares for Rs 112270000000 via…, holding reduced to…
Indian Continent Investment Ltd (ICIL), a promoter entity of billionaire Sunil Bharti Mittal and family, on Friday sold nearly 1% stake in telecom major Bharti Airtel for Rs 11,227 crore through open market deals. 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)
Time of India
4 days ago
- Business
- Time of India
Bharti Airtel promoter entity sells shares for ₹11,227 crore
Indian Continent Investment Ltd, an entity promoted by billionaire Sunil Bharti Mittal, on Friday divested nearly one per cent stake in telecom carrier Bharti Airtel for ₹11,227 crore through open market transactions. Indian Continent Investment Ltd (ICIL) is one of the promoters of Gurugram-based 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 ₹1,870.40-1,871.95 apiece, taking the combined deal value to ₹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. Details of the buyers of Bharti Airtel's shares could not be ascertained on the exchange. Shares of Bharti Airtel fell 3.28 per cent to close at ₹1,859.50 apiece on the NSE.
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Business Standard
4 days ago
- Business
- Business Standard
Airtel promoter offloads another 0.98% stake; mop up $1.3 bn via block deal
Indian Continent Investment Ltd (ICIL), a promoter entity of Bharti Airtel, on Friday sold 60 million shares at about ₹1,871 apiece to mop up ₹11,227 crore ($1.3 billion) – marking one of the largest block deals in the domestic markets. Names of the buyers weren't disclosed by the stock exchanges. However, banking sources said it included foreign and domestic funds. Shares of Bharti Airtel fell 3.4 per cent to end at ₹1,859 on Friday — most among Sensex components. With a market capitalisation of ₹10.8 trillion, Airtel is the fourth most valuable company in the country. This is the second time ICIL has sold a stake in the past year.
Time of India
4 days ago
- Business
- Time of India
Bharti Airtel promoter entity sells shares for Rs 11,227 crore
Indian Continent Investment Ltd, an entity promoted by billionaire Sunil Bharti Mittal , on Friday divested nearly one per cent stake in telecom carrier Bharti Airtel for Rs 11,227 crore through open market transactions. Indian Continent Investment Ltd (ICIL) is one of the promoters of Gurugram-based Bharti Airtel. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like TV providers are furious: this gadget gives you access to all channels Techno Mag Learn More Undo 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. Live Events Details of the buyers of Bharti Airtel's shares could not be ascertained on the exchange. Shares of Bharti Airtel fell 3.28 per cent to close at Rs 1,859.50 apiece on the NSE.
India.com
5 days ago
- Business
- India.com
Bharti Airtel Shares Drop 3% As Promoter Sells Stake In Rs 12,500 Crore Block Deal
New Delhi: Bharti Airtel shares fell 3 per cent to an intraday low of Rs 1,868.70 on the BSE on Friday, August 8, after promoter group entity Indian Continent Investment Ltd (ICIL) sold a 1.2 per cent stake through a block deal. Bharti Airtel's promoter entity, Indian Continent Investment, is likely to sell a 0.8 per cent stake in the company through a block deal, according to Moneycontrol. The transaction is expected to be worth around Rs 9,310 crore, with the floor price likely set at Rs 1,862 per share. The sale is purely secondary, so there will be no equity dilution or new shares issued. All proceeds will go to the seller, Indian Continent Investment Ltd. The deal comes with a 90-day lock-up, meaning the seller can't make similar sales during this period. The books are set to close around 7:30 AM IST on August 8, but could shut earlier if investor demand is strong. Jefferies India and J.P. Morgan India are handling the block deal as joint placement agents. On Thursday, Bharti Airtel's shares ended flat at Rs 1,924.35 on the BSE. Airtel's Global Reach Bharti Airtel, headquartered in India, is a global communications solutions provider serving over 590 million customers across 15 countries in India and Africa. It also operates in Bangladesh and Sri Lanka through its associate entities.
