The Airtel promoter group entity is selling 0.56% stake for Rs. 7,200 crore to institutional investors

Indian Continent Investment Limited (ICIL), part of Bharti Airtel’s promoter group, sold 34.30 million shares, representing 0.56% stake in the telecom giant, for Rs 7,200 crore through a block deal to long-term institutional investors, the company told stock exchanges on Tuesday.The block deal included the sale of 34.30 million shares on November 26, 2025, according to regulatory filings.

“The transaction attracted strong interest and received orders from domestic and international long-only investors. Both new and existing Airtel shareholders participated, with the placements largely allocated to long-only investors,” ICIL said.

ICIL held about 1.48% stake in Airtel as of September 2025, and this latest transaction brings the promoter’s stake below 1%. The shares were offered at a floor price of Rs.2,096.7 per share, which represents a 3% discount to Airtel’s closing price of Rs. 2,161.6 on the NSE on Tuesday.

After the sale, Airtel’s share price closed at Rs 2,127.10 per piece on Wednesday, down 1.56% on BSE.

Goldman Sachs (India) Securities acted as the sole placement agent for the sale, under the terms of the deal. In the disclosure, Mauritius-registered ICIL said this transaction is in line with the publicly stated strategy of the Bharti group. Bharti Telecom Limited, a Bharti-controlled subsidiary and the main promoter of Airtel, will continue to act as the main vehicle holding the controlling stake in the company. The company reported a 6% quarter-on-quarter increase in consolidated EBITDA in the second quarter due to strong wireless operations in India and Airtel Africa, with consolidated free cash flow of ₹14,600 crore.

This follows a similar move earlier this month when Singapore Telecommunications Ltd sold about 0.8% stake in Airtel as part of its efforts to restructure stakes in regional telecom companies, ET previously reported.