ALSO READAirtel divests 67.53 mn shares of Bharti Infratel to raise Rs 2,570 cr Jio impact: Bharti Airtel consolidated net income down 72% Airtel shares see sharp recovery, surge 8% Bharti Airtel, Millicom sign agreement to combine operations in Ghana Bharti Airtel Q1 net takes massive 75% hit on Jio impact
Bharti Airtel MD and CEO Gopal Vittal on Thursday sold 1.21 lakh shares of the company to promoter firm Bharti Telecom for over Rs 5 crore.
According to the block deal data available with the NSE, the shares were offloaded at an average price of Rs 416.05 apiece, valuing the transaction at Rs 5,03,42,050.
Vittal of Bharti Airtel disposed of 1.21 lakh shares in the telecom major, according to the data.
The shares were bought by Bharti Airtel's promoter firm Bharti Telecom through an open market transaction.
Shares of the telecom major ended the day 0.08 per cent up at Rs 416.40 on the NSE.