Airtel promoters to sell shares worth over Rs 9,000 crore in block deal

Bharti Airtel's promoters, through Indian Continent Investment, plan to sell shares worth up to Rs 9,310 crore via a block deal, representing 0.8% of the company's equity. The floor price is set at Rs 1,862 per share, a 3.15% discount. Jefferies and JPMorgan are managing the deal, expected to draw strong institutional interest despite potential near-term stock pressure.

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