Bharti Airtel slips 5% after promoters sell 2.75% stake via block deals

Shares of Bharti Airtel dropped 5.4 per cent to Rs 561 on the BSE on Tuesday after its promoter, Bharti Telecom, sold some stake in the telecom services provider through open market deals today.

At 09:15 am; around 155.71 million equity shares representing 2.85 per cent of total equity of Bharti Airtel changed hands on the BSE, the exchange data shows. The names of the buyers are not ascertained immediately.

According reports, Bharti Telecom, a promoter entity of Bharti Airtel, was to sell 2.75 per cent stake worth $1 billion in the telecom company via block