Bharti Telecom increases its stake in Airtel

NEW DELHI: Bharti Telecom Ltd (BTL), the one of the largest promoters of Bharti Airtel, increased its stake in the company by 1.35% through a Rs 8,301.73-crore block deal. With this, the stake of the company is increased to 39.59% in Bharti Airtel, the country’s second-largest telecom service provider.

“Bharti Telecom has acquired 1.35% shares of Bharti Airtel from Indian Continent Investment Limited (ICIL) through block deal mechanism on the National Stock Exchange of India Limited for an aggregate amount of `8,301.73 crore,” said the company in an exchange filing.