Bharti Airtel’s share price is in focus today after a key promoter group entity, Indian Continent Investment Limited (ICIL), offloaded 0.84% stake in the company. The telecom giant’s shares price is trading with a negative bias on Tuesday after the stake sale pre-market opening.
Promoter group sells shares worth Rs 8,485 Crore
ICIL, a promoter group entity of Bharti Airtel, sold approximately 5.11 crore shares (0.84% stake) via a block deal, raising nearly Rs 8,485.11 crore.
Following the sale, Bharti Telecom, another promoter entity, stepped in and acquired 1.20 crore shares, a 24% of ICIL’s sale.
This latest transaction follows Bharti Telecom’s previous acquisition of an additional 1.2% stake (7.31 crore shares) in November 2024 from ICIL. With this, Bharti Telecom now holds 40.47% stake in Airtel.
As per the exchange filing, “Bharti Telecom Limited (‘Bharti Telecom’), the promoter of Airtel, anchored the trade by acquiring ~1.20 Cr. shares (~24% of ICIL’s sale of today), helping the overall book to be allocated only to key marquee long-only names, both global and domestic.”
UBS On Bharti Airtel
The brokerage firm, UBS maintained a Neutral rating on the telecom operator Bharti Airtel with a target price of Rs 1,705. According to the brokerage, the q3 performance of the telecom operator was largely in line with expectations. Furthermore, the home broadband exceeding estimates, while the enterprise segment slightly underperformed.
Bharti Airtel Q3FY25 performance
Bharti Airtel announced its Q3FY25 earnings on February 6 for the quarter ending December 31, 2025. The company reported a 505% surge in consolidated net profit, reaching Rs 14,781 crore, compared to Rs 2,442 crore in the same quarter last year. Sequentially, the profit jumped 311% from Rs 3,593 crore in the previous quarter.
Bharti Airtel share performance
The company’s market capitalisation stands at Rs 9.97 lakh crore. In terms of stock performance, Airtel’s share price have declined by nearly 2% in the last five days. Over the past month, the share price of the company has delivered a 1% return, while in the last six months, it has gained 13%.
On a yearly basis, the Bharti Airtel share price has surged by 45%. The company’s 52-week high is Rs 1,779, while the lowest point in the past year was Rs 1,097.65.