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Bharti Airtel’s promoter, Indian Continent Investment Limited, will sell 0.8% stake via a block deal worth ₹8,000 crore. Shares are priced at ₹1,658.80 each, a 1% discount. Bharti Airtel share price remains under watch as the deal unfolds..
Bharti Airtel is set to conduct a major block deal on February 18, 2025, with its promoter entity, Indian Continent Investment Limited, offloading approximately 0.8% stake in the company. The deal involves 48.2 million shares priced at ₹1,658.80 per share, representing a 1% discount to the last closing price of ₹1,675.55 on February 17, 2025. The total transaction value is estimated to be around ₹8,000 crore (approximately USD 922 million). The deal is a secondary market sale, where 100% of the shares will be offloaded by the promoter entity, without any involvement from Singtel.
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Bharti Airtel’s promoter to sell 0.8% stake via a block deal.
Shares will be sold at ₹1,658.80 each, a 1% discount from the last close.
The total transaction is valued at ₹8,000 crore or $922 million USD.
48.2 million shares to be traded on India’s stock exchanges.
Orders must be placed through Jefferies India Private Limited as the bookrunner.
Settlement is scheduled for February 20, 2025 (T+1 settlement cycle).
A 180-day lock-up period applies to the seller and related entities.
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The deal will be executed through India’s stock exchanges via a screen-based trading platform. Investors must place orders with the designated bookrunner, Jefferies India Private Limited, and these orders will not be considered part of the normal secondary market trading. The expected floor price remains ₹1,658.80 per share, though the final pricing guidance will be confirmed upon execution.
As February 19, 2025, is a settlement holiday, the final transaction settlement will take place on February 20, 2025. Additionally, a 180-day lock-up period has been imposed on the seller, its subsidiaries, and related agents, restricting them from executing further stake sales within this timeframe.
Category | Details |
Promoter entity | Indian Continent Investment Limited |
Stake to be sold | 0.8% |
Number of shares | 48.2 million |
Offer price | ₹1,658.80 per share |
Discount to last close | 1% (Last close: ₹1,675.55) |
Total deal value | ₹8,000 crore ($922 million USD) |
Settlement date | February 20, 2025 (T+1 cycle) |
Broker | Jefferies India Private Limited |
Lock-up period | 180 days |
The block deal announcement could influence Bharti Airtel share price, as large stake sales by promoters often impact investor sentiment. Traders and institutional investors will monitor how the stock reacts post-execution, as the pricing and demand for these shares may shape Bharti Airtel’s market performance in the coming weeks.
Bharti Airtel’s promoter entity is executing a significant ₹8,000 crore block deal, marking one of the key transactions in the telecom sector. With strategic pricing and execution through India’s stock exchanges, this deal is expected to draw market attention. Investors are closely watching Bharti Airtel share price to assess the impact of this stake sale in the near term.
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