Bharti Airtel shares fell by 1.51 percent to ₹2,128.90 on Wednesday afternoon, following a significant block deal involving the promoter Mittal family. The stock hit an intraday low of ₹2,097.50, down from the previous close of ₹2,161.60.
Indian Continent Investment Ltd (ICIL), the promoter entity, is divesting 34.3 million shares, equating to 0.56 percent of its stake in the telecom operator, in a transaction valued at approximately $806 million (₹7,193 crore) through large deals in the secondary market. The shares are being offered at a floor price of ₹2,096.70 per share, reflecting a 3 percent discount compared to Tuesday’s closing price.
As of the end of September, ICIL held a 1.48 percent stake in Airtel. Following this transaction, the entity has committed to a 90-day lock-in period for its remaining stake. Investors partaking in the deal are liable to pay a 0.25 percent brokerage commission in addition to Securities Transaction Tax and service charges.
The stock opened at ₹2,104.00 and fluctuated between ₹2,132.50 and ₹2,097.50 throughout the trading session. Trading volumes were robust, with 402.44 lakh shares valued at ₹8,453.29 crore changing hands, of which 90.22 percent constituted deliverable shares.
As of midday Wednesday, the company’s total market capitalization was recorded at ₹12,14,833.54 crore, with the free float market cap standing at ₹5,78,979.80 crore.
Published on November 26, 2025.
