Bharti Airtel block: Indian Continent sells 51 mn shares for Rs 8,485 crore

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Bharti Airtel block: Indian Continent sells 51 mn shares for Rs 8,485 crore - Business Standard

Quick Summary:

Bharti Airtel Block Deal: Indian Continent Investment Limited, a promoter-group entity of Bharti Airtel Limited, has today sold around 0.84 per cent shareholding for Rs 8,485 .

It will bring 220 Terabit per second (TBPs) of global capacity to India, Bharti Airtel claimed.

Financially, Bharti Airtel saw its net profit climb to Rs 14,781 crore in the October-December quarter (Q3) of the current financial year (FY25), as against a net profit of Rs 2,442 crore reported in the corresponding quarter of the previous fiscal.