Mumbai, Feb. 18 -- The value of the aforementioned stake is Rs 8,485.11 crore.

Bharti Telecom Limited, the promoter of Airtel, anchored the trade by acquiring approximately 1.20 crore shares (nearly 24% of ICIL's sale), helping the overall book to be allocated only to key marquee long only names, both global and domestic.

This transaction follows Bharti Telecom's recent acquisition of an additional 1.2% stake (7.31 crore shares) in Airtel from ICIL in November 2024.

With this, Bharti Telecom now holds 40.47% of Airtel, reinforcing its previously stated intent of strengthening its position as the principal vehicle to hold controlling stake in Airtel, remaining focused on gradually increasing its stake while maintaining a prudent leverag...