Mittals to offload ₹7,200-crore shares in Airtel block deal
Mittal family, the promoter of Bharti Airtel, will offload equity worth ₹7,193 crore via large deals in the secondary market on Wednesday. Additionally, its foreign promoter, Indian Continent Investment, will float 3.43 crore shares or 0.56% equity at a floor price of ₹2,096.7 apiece. Earlier this month, Singtel sold over ₹10,000 crore worth of Airtel shares through its subsidiary, Pastel.