Bharti Airtel trades lower after block deals

The Qatar Foundation Endowment is likely sell up to 199.9 million shares, comprising a 5% stake, in Bharti Airtel on Wednesday, report

Bharti Airtel dipped 6% to Rs 481 on the BSE in early morning trade after more than 1% stake of the company changed hands through multiple block deals. The stock was down 4.4% to Rs 492 on the National Stock Exchange (NSE) in early morning deal.
 

At 09:26 AM; the stock was trading 2.3% lower at Rs 502 as compared to 0.3% rise in the S&P BSE Sensex. A combined 45.36 million equity shares representing 1.1% of total equity of Bharti Airtel have changed hands on the BSE and NSE, the exchange data shows.

According to Business Standard reports,