Bharti Airtel promoters to sell $1 billion worth of shares

Bharti Airtel promoters are likely to sell $1 billion worth of shares in the company, CNBC Awaaz has reported. Bharti Telecom will reportedly sell shares via a block deal on May 26.

Sources told Awaaz that the company's promoters may sell nearly 15 crore shares as part of the block deal. JP Morgan is the banker to the deal. The deal is likely to be at a 6 percent discount to the closing price.

Breaking news @CNBC_Awaaz exclusive

Promoters to sell $1 billion worth of shares in Bharti Airtel

Promoters to sell nearly 15 cr sh

JP Morgan Banker to the deal

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Deal likely at 6% Discount to closing price

Bharti Telecom to sell shares via Block deal tomorrow

Sources

— Yatin Mota (@YatinMota) May 25, 2020