Mittal-backed ICIL sells 0.84% in Airtel via Rs 8,485.11 cr block deal
- Posted on February 18, 2025
- By Business News Today
- 11 Views
Mittal-backed ICIL sells 0.84% in Airtel via Rs 8,485.11 cr block deal
Indian Continent Investment Ltd sold a 0.84% stake in Bharti Airtel through a market transaction, raising Rs 8,485.11 crore. Bharti Telecom Ltd acquired a significant portion of these shares, boosting its holding to 40.47%. The deal attracted global and domestic investors like GQG Partners, Fidelity, and ICICI Pru.
