Bharti Telecom Picks 1.2% Stake In Airtel

New Delhi: Bharti Airtel’s promoter Bharti Telecom has purchased around 1.2 per cent stake in the company from the Bharti family’s investment firm Indian Continent Investment Ltd.

The filing did not disclose monetary value of the transaction, however, the stake is estimated to be valued at Rs 11,680 crore based on Bharti Airtel’s share closing price of Rs 1.598.75 apiece at the BSE.

Bharti Telecom has acquired around 1.2 per cent shares of Bharti Airtel from India Continent Investment Limited in off-market transaction.