Bharti Airtel block deal: 2.27 crore equity shares change hands

Bharti Airtel shares in Tuesday's session (February 18) traded lower by a tad 0.16 per cent or Rs 2.7 at Rs 1,672.85 as 2.27 crore equity shares changed hands via a block deal in the pre-opening trade.

However, in early trade, the stock gained to the day's high of Rs 1,695, up more than 1 per cent over the previous day's close. The market capitalisation stood at Rs 9,52,586.37 crore at around the same time.

As per reports, the company's promoter entity - Indian Continent Investment Limited was likely to sell around 0.8 per cent of its stake in the telecom major at a price of Rs 1,658.8 apiece.

This equates to a discount of 1 per cent from the previous day's close of Rs 1,675.55 per share on the BSE.

As of the quarter ended December 31, 2024, Indian Continent Investment held a 3.31 per cent stake or 17,72,26,280 fully paid up equity shares.

The deal has been structured with a 180-day lock-in period for further sale by the entity 

Bharti Airtel's Q3FY25 performance 

In the December quarter of the current FY25, the company's consolidated profit rose over 5-fold given the consolidation of Indus Tower business as well as benefits accruing on account of tariff hikes which kick-off in July last year.

Further, the ARPU or average revenue per user (ARPU) - a key performance metric for telecom firms, surged 17.8 per cent on-year to Rs 245. The latest ARPU climbed 5.15 per cent sequentially and is the highest in the industry, surpassing bot Jio and Vodafone Idea's ARPU of Rs 203.3 and Rs 156, respectively.

Bharti Airtel share price performance

The stock is up over 49 per cent in the last one year, while in the last one month it has gained nearly 3 per cent.