The block deal involved the sale of 34.30 million shares on November 26, 2025, according to the regulatory filings.
“The transaction attracted strong interest and received orders from domestic and international long-only investors. Both new and existing Airtel shareholders participated, with the placements majorly allocated to long-only investors,” ICIL said.
ICIL held approximately 1.48% stake in Airtel as of September 2025, and this latest transaction brings the promoter entity’s stake below 1%. The shares were offered at a floor price of Rs.2,096.7 per share, representing a 3% discount to Airtel’s closing price of Rs. 2,161.6 on the NSE on Tuesday.
After the sale, the share price of Airtel closed at Rs 2,127.10 apiece on Wednesday, down 1.56% on BSE.
Goldman Sachs (India) Securities acted as the sole placement agent for the sale, according to the deal’s term sheet.In its disclosure, ICIL, registered in Mauritius said that this transaction aligns with the Bharti group’s publicly stated strategy. Bharti Telecom Limited, a Bharti-controlled subsidiary and the main promoter of Airtel, will continue to serve as the principal vehicle holding the controlling stake in the company.The company reported a 6% quarter-on-quarter rise in consolidated EBITDA in the second quarter owing to strong India wireless and Airtel Africa operations, with consolidated free cash flow at ₹14,600 crore.
This follows a similar move earlier this month when Singapore Telecommunications Ltd sold about 0.8% stake in Airtel as part of its effort to restructure holdings in regional telecom ventures, ET reported earlier.
