Bharti Airtel up 4% after huge block deal

The stock was up 4% to Rs 565 on the BSE in early morning trade after about 185 million equity shares of the company changed hands on the counter

Bharti Airtel was up 4% to Rs 565 on the BSE in early morning trade after about 185 million equity shares of the company changed hands on the counter.

Last week, on October 30, Bharti Telecom, promoter firm of Bharti Airtel, in a regulatory filing said that it will acquire additional up to 184.7 million shares or 4.62% at market price in the telecom major on or after November 3.

Bharti Telecom acquired 184,710,183 equity shares of Bharti Airtel from another promoter firm of the telecom major, Indian Continent Investment Limited (ICIL), at price of Rs 417.35 per