Sunil Mittal Chairman Bharti Enterprises

The BT Group on Monday said Bharti Global's acquisition of a significant stake in the British telecom major is a "great vote of confidence" in the future of the company and its strategy. Bharti Global, the international investment arm of Bharti Enterprises, announced an agreement to acquire about 24.5 per cent in BT Group from Altice UK. Chairman Sunil Bharti Mittal described the investment in the "iconic" British company as a "significant milestone" for Bharti Enterprises. "We welcome investors who recognise the long-term value of our business, and this scale of investment from Bharti Global is a great vote of confidence in the future of BT Group and our strategy," said Allison Kirkby, Chief Executive of the BT Group. "BT has enjoyed a long association with Bharti Enterprises, and I'm pleased that they share our ambition and vision for the future of our business. They have a strong track record of success in the sector, and I look forward to ongoing and positive engagement with th

Sunil Bharti Mittal-promoted Bharti Enterprises on Thursday offloaded shares of ICICI Lombard General Insurance Company for Rs 663 crore through open market transactions. Axis Mutual Fund (MF), Aditya Birla Sun Life MF, Invesco MF, Morgan Stanley Asia Singapore, Societe Generale, Goldman Sachs Singapore and Blackstone Aqua Master Sub-Fund acquired shares of Mumbai-based general insurer. Bharti Enterprises Ltd sold 38.50 lakh shares, amounting to a 0.8 per cent stake in ICICI Lombard through nine separate block deals on the BSE. The shares were sold at an average price of Rs 1,722.5 apiece, taking the deal size to Rs 663.16 crore. After the stake sale, the shareholding of Bharti Enterprises declined to 1.63 per cent from 2.43 per cent. ICICI Bank purchased 21 lakh shares, representing a 0.4 per cent stake in its subsidiary ICICI Lombard, for 361.72 crore. After the stake purchase, ICICI Bank's stakeholding in the ICICI Lombard increased to 51.7 per cent from 51.27 per cent. Share

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India will be able to become USD 5-trillion economy by 2027, Bharti Enterprises founder and Chairman Sunil Mittal said on Saturday. While speaking at a conclave on 9 years of the Narendra Modi government, Mittal said businesses in general require a very decisive leadership and India after a long time not only has government with full majority but also a leader who is recognised as a global leader. "This country has clearly moved to a additional USD 1.4 trillion taking us to USD 3.5 trillion and I think the audacious target of USD 5 trillion, which couple of years ago would have looked a difficult one to accomplish, is now clearly in sight and I think by 2027 we should be able to achieve it," Mittal said. He said that he personally experienced the change in last five years. Mittal said that India, according to him, is the most advanced country in the world as far as telecom is concerned. "My generation grew up in the age of very deep and long shortages of telecom and connectivity t

We are very confident about the leadership in the technology space, and that is reflected in the fact that we are providing 20 5G commercial networks in all geographies around the world, he said

Interview with Sunil Mittal, Chairman, Bharti Enterprises