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Airtel's stake sale attracts top investors
Mint Chennai
|February 19, 2025
QG Partners LLC and Fidelity Investments were among the several big name investors which bought into Bharti Airtel Ltd, according to people familiar, as billionaire-founder Sunil Bharti Mittal seeks funds for newer opportunities.
Indian Continental Investment Ltd, a founder entity of Bharti Airtel Ltd sold 0.84% stake or 51 million shares for ₹8,485 crore ($976 million) and nearly a fourth of that was bought by another group firm Bharti Telecom Ltd, according to an exchange filing Tuesday.
Lazard Inc, SBI Life Insurance Co., ICICI Prudential Life Insurance Co. were among the other investors which picked up the remaining shares, according to people aware of the development, who did not want to be named as the information is private.
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