Bharti Airtel shares slip over 2% as 3.5 crore shares change hands in Rs 7,400-crore block trade

Bharti Airtel Ltd

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26 Aug, 2025 12:21

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Bharti Airtel shares declined more than 2 percent on Wednesday after a large block trade hit the exchanges, involving about 0.6 percent of the company’s equity being sold for roughly Rs 7,400 crore. As many as 3.5 crore shares of Bharti Airtel changed hands at Rs 2,108 per share. A promoter group entity is the likely seller.

Bharti Airtel shares were trading at Rs 2,115.70 on the NSE, down 2.12 percent in the early morning session. The stock has returned over 32 percent gains year-to-date, significantly outperforming benchmark Nifty 50, which has gained 9.5 percent during this period.

While the exchanges have not disclosed the identity of the sellers, the transaction size and timing closely match the block deal outlined in yesterday’s news reports, where promoter entity Indian Continent Investment Ltd (ICIL) was said to be preparing to offload around 3.43 crore shares, or 0.56 percent of Airtel’s equity, for about $806 million (approximately Rs 7,195 crore). The reported floor price for that sale was Rs 2,096.7 per share, a discount of around 3 percent to the previous close.

• Also read | Market breadth indicator hits nine-month low in November

Earlier this month, Bharti Airtel saw another substantial promoter-related sale when Singtel divested up to 0.8 percent of its stake. That deal involved 5.1 crore shares and fetched more than $1 billion (approximately Rs 10,800 crore). As of now, the promoter group collectively holds around 50.27 percent in Airtel, while Singapore-based Singtel owns about 27.5 percent.

The block deals come against the backdrop of a steady operational performance. In the September quarter, Bharti Airtel reported a consolidated net profit of Rs 6,791 crore, a 14.2 percent sequential increase from Rs 5,948 crore in the June quarter and ahead of Street expectations of Rs 6,600 crore. Revenue rose 5.4 percent quarter-on-quarter to Rs 52,145 crore, also topping analyst estimates. EBITDA grew 6.2 percent sequentially to Rs 29,561 crore, with margins improving to 56.7 percent from 56.3 percent.

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