New Delhi, Nov. 25 -- Bharti Airtel Ltd's promoter group entity, Indian Continent Investment, is set to sell a 0.56% stake at around $806 million ( Rs.7,191 crore) in the telecom operator, according to deal terms.

The Sunil Mittal-led promoter group entity launched the block deal on Tuesday to offload 34.3 million shares at the offer floor price of Rs.2,096.70 apiece, according to the term sheet seen by Mint.

The offer price is a 3% discount to the Tuesday closing of Rs.2,161.60 on the National Stock Exchange. The Bharti Airtel stock closed 0.2% higher.

The block deal offer will close on 26 November, with an expected settlement date of 27 November, according to the term sheet. Goldman Sachs (India) Securities Pvt. Ltd has been appointe...