A major promoter entity of the telecom giant Bharti Airtel is executing a significant block trade to offload a portion of its shareholding, aiming to raise approximately ₹7,200 crore (or about $806 million).

The seller, Indian Continent Investment—part of the Bharti Airtel promoter group—is offering roughly 3.4 crore shares, which represents a stake of nearly 0.6% in the company’s equity.

Key Transaction Details

• Seller: Indian Continent Investment (a Bharti Airtel promoter group entity).
• Sale Size: Approximately 0.6% of equity.
• Amount Raised: Expected to be around ₹7,200 crore.
• Floor Price: The shares are being offered at a floor price of about ₹2,097 per share, which is roughly a 3% discount compared to the stock’s closing price from the preceding day.
• Manager: Goldman Sachs India is handling the block deal.

Impact on Promoter Holding

Following the completion of this transaction, the collective stake held by the promoter group in Bharti Airtel is projected to fall to just below the 50% threshold, according to exchange data.

This current sale marks the third major block deal executed by a promoter group entity within the last six months. Notably, an arm of Singapore-based telecoms major Singtel had previously sold around 0.8% for ₹10,600 crore on November 7. Prior to that, Indian Continent Investment itself had sold a 0.8% stake for approximately ₹9,300 crore back in August.