Airtel promoters prepare stake sale as global market sentiment lifts Indian equities

Markets point to a firm open as global cues strengthen, while Bharti Airtel’s promoter group plans a ₹7,200 crore stake sale at a discount through block transactions.

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Airtel promoters prepare stake sale as global market sentiment lifts Indian equities

Airtel promoters prepare stake sale as global market sentiment lifts Indian equities
India’s equity markets are expected to open stronger on Wednesday, supported by gains across the US, Asian, and regional indices. GIFT Nifty futures signaled a positive start with a 102 point rise at 26,160 as of early morning trade. In stock-specific developments, promoter entity Indian Continent Investment is set to offload a 0.56 percent stake in Bharti Airtel through block deals.
Companies:
  • Bharti Airtel
  • Indian Continent Investment Ltd
Tags:
  • stocks
  • markets