Bharti Airtel share price falls after promoter-group entity ICIL sells 0.84% stake worth ₹8,485 crore

Bharti Airtel share price fell over a per cent on Tuesday after the telecom company announced that its promoter-group entity Indian Continent Investment Limited (ICIL) sold a 0.84% stake in the company. Bharti Airtel shares declined as much as 1.15% to ₹1,656.15 apiece on the BSE.

In a stock exchange filing on February 18, Bharti Airtel said that ICIL sold a 0.84% stake, or 5.11 crore equity shares, in Airtel, through a market transaction, for an aggregate amount of ₹8,485.11 crore.

Bharti Telecom, the promoter of Airtel, anchored the trade by acquiring 1.20 crore shares, or 24% of ICIL’s share sale today, helping the overall book to be allocated to key marquee long only names, both global and domestic, it said.

This transaction follows Bharti Telecom’s recent acquisition of an additional 1.2% stake, or 7.31 crore shares, in Airtel from ICIL in November 2024.

“With this, Bharti Telecom now holds 40.47% of Airtel, reinforcing its previously stated intent of strengthening its position as the principal vehicle to hold a controlling stake in Airtel, remaining focused on gradually increasing its stake while maintaining a prudent leverage profile as it does so,” Bharti Airtel said.

According to Bharti Airtel’s shareholding pattern at the end of the December 2024 quarter, its promoter and promoter group held a 53.11% stake in the company, while public shareholding in the telco was 46.81%.

Bharti Airtel Share Price Trend

Bharti Airtel share price has gained over 4% year-to-date (YTD). The telecom stock is up 8% in three months and 12% in six months. Bharti Airtel shares have risen over 48% in one year and have delivered multibagger returns of 114% in two years.

At 10:25 AM, Bharti Airtel shares were trading 0.98% lower at ₹1,659.20 apiece on the BSE, with a market capitalisation of around ₹9.47 lakh crore.

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