The Bharti Airtel shares dropped 3% to an intra-day low of Rs 2,097.50 on the National Stock Exchange. The stock os one of the major losers on the Nifty 50. The fall in the stock price has most likely come on the back of a block deal triggered by one of its promoter entities.
As per the news reports, Indian Continent Investment (ICIL) was to sell 34.3 million equity shares, accounting for a 0.56% stake, in Bharti Airtel for Rs 7,195 crore through a block deal. Goldman Sachs (India) Securities is the book-runner for the deal.
Indian Continent Investment is a promoter firm of Sunil Bharti Mittal’s family office. It was reported that the investment entity will offload shares on the bourses at a floor price of Rs 2,096.70 per share. The floor price is a discount of 3% to Tuesday’s closing price of Rs 2,161.60 on the NSE.
The move is aimed at diversifying the telco’s shareholder base.
Bharti Airtel Q2 FY26
Bharti Airtel posted a consolidated net profit growth of 89% year-over-year in Q2 FY26, standing at Rs 6,792 crore, compared to Rs 3,593 crore reported in the year-ago period. The company’s revenue from operations came in at Rs 52,145 crore, an increase of 26% YoY, as against Rs 41,473 crore in the same period of the last financial year.
Bharti Airtel stock performance
The share price of Bharti Airtel has fallen 1.2% in the last five trading days. However, the stock has given a return of 2.4% in the past one month, and the stock has risen 15.3% in the last six months. Bharti Airtel’s stock price has surged by 35% in the last oen year.