New Delhi, Feb. 19 -- Bharti Airtel share price declined over a percent on Wednesday, extending its fall for the third consecutive session, following a block deal in the shares of India's second-largest telecom company.

Bharti Airtel shares fell as much as 1.23% to Rs.1647.75 apiece on the BSE. Over the past three sessions, Bharti Airtel shares have plunged 3.85%.

The telecom company, in a stock exchange filing on February 18, had announced that its promoter-group entity Indian Continent Investment Limited (ICIL) sold a 0.84% stake, or 5.11 crore equity shares, in Bharti Airtel, through a market transaction, for an aggregate amount of Rs.8,485.11 crore.

Bharti Airtel block deal worth Rs.8,485 crore took place at Rs.1,660 per share, wit...