Synopsis: The shares of Bharti Airtel are in focus today following the large block deal that took place, with shares worth Rs 7,400 crore likely being offloaded by the promoter group.
This company, which is one of the world’s leading providers of telecommunication services with a presence in 18 countries, representing India, Sri Lanka, and 14 countries in Africa, has its shares in focus today as the promoter group sells around 3.5 crore shares through a large block deal.
With the market cap of Rs 12,13,122 crore, the shares of Bharti Airtel Ltd had hit its intraday low at Rs 2,100, falling by about 3 percent compared to its previous day closing price of Rs 2,160.75. The shares are trading at a PE of 39.6, whereas its industry PE is at 52.1.
About the offloading of promoter stake
Bharti Airtel’s stock slipped about 3% today after a big block of shares changed hands, hinting that a promoter group entity, which is Indian Continent Investment, may have offloaded part of its stake. The sheer size of the transaction, which is worth nearly Rs 7,400 crore, added pressure on the stock in early trading hours.
Around 3.5 crore shares were placed for sale at Rs 2,096.70, slightly lower than Tuesday’s closing price of Rs 2,160.75 on the BSE. Media reports later noted that the full 3.5 crore shares, amounting to about 0.6% of Airtel’s total equity, were ultimately traded in the block deal window at Rs 2,108 per share.
By the end of the July-September quarter, Indian Continent Investment Ltd (ICIL) held a 1.48% stake in Bharti Airtel. With the latest block deal, its holding is expected to come down to about 0.92%. ICIL has been gradually cutting its stake for some time, including two major sales in the past year. One of the biggest came in August, when it sold 0.98% of Airtel for Rs 11,227 crore, which was one of the largest block deals in the country at that point.
Earlier this month, Airtel also saw another promoter-linked sale when Singtel trimmed up to 0.8% of its holding. That transaction involved 5.1 crore shares and brought in over $1 billion, or roughly Rs 10,800 crore. After these moves, the broader promoter group now owns around 50.27% of Airtel, while Singtel continues to hold about 27.5%.
Financials and others
The revenue from operations for the company stands at Rs 52,145 crores in Q2 FY26 compared to Q2 FY25 revenue of Rs 41,473 crores, which is an increase of 25.73 per cent YoY. Similarly, the net profit stood at Rs 8,651 crore in Q2 FY26, up from Rs 4,153 crore in Q2 FY25, giving an increase of about 108 per cent.
Bharti Airtel Limited is one of the world’s major telecom players, headquartered in New Delhi and trusted by millions across the globe. The company provides ICT services through a wide international network that spans the USA, Europe, Africa, the Middle East, Asia-Pacific, India, and the SAARC region. With its large and growing subscriber base, Airtel ranks among the top three mobile service providers worldwide.
Airtel’s strength comes from its vast digital backbone, including more than 365,000 route kilometres of submarine cables and satellite networks spread across 50 countries in five continents. This deep infrastructure allows the company to deliver reliable connectivity, elevate user experience, and maintain high service quality as it continues to expand the frontiers of digital communication.
Written by Leon Mendonca.
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