Bharti Airtel block deal: Stock tanks 3% amid high turnover; seller's detail & more
On NSE, Bharti Airtel shares were trading 2.20 per cent lower at Rs 2,114, after falling to a low of Rs 2,097.50 apiece earlier today. ICIL held 1.48 per cent stake in Bharti Airtel as of Septemebr 30.
- Nov 26, 2025,
- Updated Nov 26, 2025 9:32 AM IST
Shares of Bharti Airtel Ltd tanked 3 per cent in Wednesday's trade as Rs 7,600 crore worth company shares changed hands on likely stake sale by a promoter group entity. As per the term sheet seen by Business Today, a total of 3.43 crore shares were to change hands at an offer price of Rs 2,096.70 apiece, which were at 3 per cent discount to Tuesday's closing price of Rs 2,161.60 on NSE. Indian Continent Investment (ICIL) was looking to offload shares. As per media reports, 3.5 crore Airtel shares, accounting for 0.6 per cent equity, got change hands at Rs 2,108 per share in block deal window, for Rs 2,108 apiece. On NSE, Bharti Airtel shares were trading 2.20 per cent lower at Rs 2,114, after falling to a low of Rs 2,097.50 apiece earlier today. ICIL held 1.48 per cent stake in Bharti Airtel via 6,61,11,188 fully paid-up shares and 2,41,56,604 partly paid-up shares, as of September 30.
It had in August sold 6,00,00,000 Bharti Airtel shares at around Rs 1,870.40-1,871.95 apiece on NSE. More recently, in November, Pastel Ltd, an investment arm of Singtel of Singapore, sold 5,10,00,000 shares at Rs 2,030.37 apiece.
Goldman Sachs (India) Securities Private Limited is the sole placement agent for Wednesday's deal. The deal was made via bulk sale - by way of one or more share sales on the screen-based trading platform of Indian stock exchanges.
In the broader market, the BSE Sensex and the NSE Nifty gained 0.4 per cent each, The gains were seen as oil prices slipped to $57.2/barrel on reports of a revised Ukraine–Russia peace framework, and as FIIs turned net buyers to the tune of Rs 785.30 crore. Wall Street’s strength, revived hopes of a December Fed rate cut, renewed confidence in the AI trade, optimism over a possible US–India agreement, and India’s inflation cooling to 0.25 per cent added to the supportive backdrop.
"Technically, Nifty’s medium-term breakout remains intact but needs a close above 26,100 for confirmation, with 25,671 as the key support. The index still trades comfortably above its major moving averages. Friday’s GDP print is the next big macro cue, while SBI, Shriram Finance, Trent, Bharti Airtel, HDFC AMC and PFC remain in focus. Preferred trades: Buy Nifty at 25,750–25,800 (targets 26,000–26,147) and Bank Nifty at 58,500–58,700 (targets 59,300–59,550). Top pick: Max Financial Services, with momentum signalling a strong upside bias," said Prashanth Tapse, Senior VP (Research) at Mehta Equities.
Shares of Bharti Airtel Ltd tanked 3 per cent in Wednesday's trade as Rs 7,600 crore worth company shares changed hands on likely stake sale by a promoter group entity. As per the term sheet seen by Business Today, a total of 3.43 crore shares were to change hands at an offer price of Rs 2,096.70 apiece, which were at 3 per cent discount to Tuesday's closing price of Rs 2,161.60 on NSE. Indian Continent Investment (ICIL) was looking to offload shares. As per media reports, 3.5 crore Airtel shares, accounting for 0.6 per cent equity, got change hands at Rs 2,108 per share in block deal window, for Rs 2,108 apiece. On NSE, Bharti Airtel shares were trading 2.20 per cent lower at Rs 2,114, after falling to a low of Rs 2,097.50 apiece earlier today. ICIL held 1.48 per cent stake in Bharti Airtel via 6,61,11,188 fully paid-up shares and 2,41,56,604 partly paid-up shares, as of September 30.
It had in August sold 6,00,00,000 Bharti Airtel shares at around Rs 1,870.40-1,871.95 apiece on NSE. More recently, in November, Pastel Ltd, an investment arm of Singtel of Singapore, sold 5,10,00,000 shares at Rs 2,030.37 apiece.
Goldman Sachs (India) Securities Private Limited is the sole placement agent for Wednesday's deal. The deal was made via bulk sale - by way of one or more share sales on the screen-based trading platform of Indian stock exchanges.
In the broader market, the BSE Sensex and the NSE Nifty gained 0.4 per cent each, The gains were seen as oil prices slipped to $57.2/barrel on reports of a revised Ukraine–Russia peace framework, and as FIIs turned net buyers to the tune of Rs 785.30 crore. Wall Street’s strength, revived hopes of a December Fed rate cut, renewed confidence in the AI trade, optimism over a possible US–India agreement, and India’s inflation cooling to 0.25 per cent added to the supportive backdrop.
"Technically, Nifty’s medium-term breakout remains intact but needs a close above 26,100 for confirmation, with 25,671 as the key support. The index still trades comfortably above its major moving averages. Friday’s GDP print is the next big macro cue, while SBI, Shriram Finance, Trent, Bharti Airtel, HDFC AMC and PFC remain in focus. Preferred trades: Buy Nifty at 25,750–25,800 (targets 26,000–26,147) and Bank Nifty at 58,500–58,700 (targets 59,300–59,550). Top pick: Max Financial Services, with momentum signalling a strong upside bias," said Prashanth Tapse, Senior VP (Research) at Mehta Equities.