Bharti Airtel shares in focus after promoter Indian Continent Investment likely to offload 4.82 cr shares via block deals
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Shares of telecom major Bharti Airtel are likely to remain in focus on Tuesday, February 18, after its promotor group company Indian Continent Investment is expected to offload 4.82 crore shares or about 0.8% stake in the company via a block deal, according to previous ET reports. Indian Continent Investment is expected to offer them at a floor price of Rs 1,658.80 per share, the report further suggested. As of December 31, 2024, Indian Continent Investment held a 3.31% stake in Bharti Airtel, amounting to more than 20.13 crore shares, according to BSE shareholding data. In other news, via an exchange filing, the telecom major also informed that it has secured the new SEA-ME-WE 6 (Southeast Asia-Middle East-West Europe-6, or SMW6) submarine cable in Chennai. “Bharti Airtel Limited (“Airtel”), one of India’s leading telecommunications service providers, landed the new SEA-ME-WE 6 (Southeast Asia-Middle EastWest Europe-6, or SMW6) in Chenna...