Indian Continent Investment, led by Sunil Mittal, plans to sell approximately 0.8% of its stake in Bharti Airtel for over ₹9,300 crore through a block deal. The sale involves five crore shares at a floor price of ₹1,862 per share, a 3% discount. This follows a similar stake sale in February, with Bharti Airtel’s shares showing significant gains this year.
Jio IPO bids hit 70,000 crore on day 1; outpaces NSE, LIC, GIC issues
The initial public offering of Jio Platforms has attracted impressive attention, with an oversubscription of 3.16 times. Institutional investors were particularly keen, subscribing at a