Indian Continent Investment Ltd (ICIL) a promoter entity of billionaire Sunil Bharti Mittal and family on Friday sold nearly 1% stake in telecom major Bharti Airtel for Rs 11227 crore through open market deals. ICIL is among the key promoter groups of the Gurugram-headquartered Bharti Airtel. ICIL Sells Shares In Bharti Airtel According to the bulk deal data available on the NSE Indian Continent Investment Ltd offloaded a total of 6 crore equity shares in two tranches or a 0.98 per cent stake in Bharti Airtel. The shares were disposed of in the price range of Rs 1870.40-1871.95 apiece taking the combined deal value to Rs 11227.05 crore. After the latest transaction ICILs holding in Bharti Airtel has come down to 1.49 per cent from 2.47 per cent. Also the holding of promoters has reduced to 50.27 per cent from 51.25 per cent. Meanwhile Bharti Telecom Ltd remained the largest promoter entity with a 40.47 per cent stake. Details of the buyers of Bharti Airtels shares could not be ascertained on the exchange. Bharti Airtel Share After Q1 Results Shares of Bharti Airtel fell 3.28 per cent to close at Rs 1859.50 apiece on the NSE. On Tuesday Bharti Airtel reported a 43 pc year-on-year increase in its consolidated profit at Rs 5947.9 crore in the first quarter ended June 2025. The company had posted a profit of Rs 4160 crore in the same period a year ago. The consolidated revenue from operations of Bharti Airtel increased by 28.4 per cent to Rs 49463 crore during the reporting quarter from Rs 38506.4 crore in the June quarter of the last year the company said. Bharti Airtels India revenue increased by 29 per cent YoY to Rs 37585 crore. Its average revenue per user (ARPU) a key matrix to determine a telecom operators growth in India increased to Rs 250 during the quarter under review compared to Rs 211 in the same period a year ago. (With Inputs From PTI)
