Indian Continent Investment Ltd (ICIL), a promoter entity of Bharti Airtel, plans to divest 34.3 million shares, representing 0.56 percent of the telecom operator’s total stake, for approximately $806 million, as indicated in a term sheet accessed by businessline.
As of the end of September, ICIL owned a 1.48 percent stake in Airtel. The block trade is scheduled for completion on Wednesday, with Goldman Sachs (India) Securities Private Ltd serving as the Sole Placement Agent for the transaction.
The shares will be offered at a floor price of ₹2,096.70 each, reflecting a discount of 3 percent from the last closing share price of ₹2,161.60 on the National Stock Exchange (NSE) as of November 25. Following the transaction, ICIL will adhere to a 90-day lock-in period for its remaining stake in the company. Investors will be subject to a brokerage commission of 0.25 percent, along with Securities Transaction Tax and applicable service charges.
The information was published on November 25, 2025.
