Bharti Enterprises has sold a part of its stake in Bharti Airtel to repay loans taken for its investment in British Telecom (BT). According to reports, the funds from this stake sale will be used to refinance the debt incurred to acquire a 24.5% stake in BT Group through its international investment arm, Bharti Global.
On February 18, Bharti Airtel’s promoter group entity, Indian Continent Investment Ltd, sold 5.11 crore shares, equivalent to a 0.84% stake in the company. This deal was valued at approximately ₹8,485.11 crore.
While Bharti Telecom Ltd, another promoter entity, acquired 1.2 crore shares in the transaction, the remaining shares were sold to investors through a block deal.
In August 2024, Bharti Global announced plans to acquire 24.5% of UK-based BT Group’s issued share capital from Altice UK for $4 billion. BT Group is the UK’s largest broadband and mobile company, with a market capitalisation of £13.8 billion.
Bharti Airtel Limited is a multinational telecommunications company from India, headquartered in New Delhi. It operates in 18 countries across South Asia, Africa, and the Channel Islands. The company currently offers 5G, 4G, and LTE Advanced services across India.
As of February 21, 2025, at 2:19 PM IST, Bharti Airtel share price is trading at ₹1,638.70, down ₹4.80 (0.29%) for the day. The stock opened at ₹1,643.50, reached a high of ₹1,658.70, and hit a low of ₹1,636.60. The company’s market capitalisation stands at ₹9.81 lakh crore, with a P/E ratio of 39.83 and a dividend yield of 0.49%. Over the past year, the stock has touched a 52-week high of ₹1,779.00 and a low of ₹1,097.65.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Feb 21, 2025, 2:30 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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