Section

Bharti Telecom hikes stake in Airtel to 40.33%

By Economic Times - 2 weeks ago
Bharti Telecom Ltd (BTL), the primary promoter of Bharti Airtel, has upped its stake in the telecom giant to 40.33%. This increase resulted from a 1.2% share acquisition from another Airtel promoter group, Indian Continent Investment Ltd (ICIL), in an off-market transaction valued at approximately Rs 10,924 crore. This deal further solidifies BTL's position as the largest shareholder in Airtel.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.