ICIL, a company belonging to telecom czar Sunil Bharti Mittal's family office, on Wednesday sold 3.43 crore equity shares, or 0.56 per cent stake, in Bharti Airtel for about Rs 7,190 crore (USD 806 million). After the share sale, Bharti Airtel's scrip fell 3 per cent to Rs 2,097.50 apiece on the NSE while it dipped by 2.81 per cent to Rs 2,100 per share on the BSE. The Indian Continent Investment Ltd (ICIL) is one of the promoter entities in city-based Bharti Airtel. Under the transaction, the share sale comprises up to 34.3 million (3.43 crore) shares, representing 0.56 per cent of the outstanding share capital by the selling shareholder. The shares were offloaded at a floor price of Rs 2,096.70 per share, a 3 per cent discount to Bharti Airtel's closing price of Rs 2,161.60 apiece on the NSE on Tuesday, according to a term sheet seen by PTI. The transaction is pegged at around USD 806 million, or about Rs 7,189.19 crore. ICIL owned a 1.48 per cent stake in Airtel at the end of
IT services giant Infosys' largest-ever share buyback programme worth Rs 18,000 crore is set to open for subscription on Thursday, and will close on November 26, according to a regulatory filing. The company aims to buy back 10 crore fully paid-up equity shares of a face value of Rs 5 each, representing up to 2.41 per cent of the total paid-up equity share capital, at Rs 1,800 per share. "The eligible shareholders can tender their equity shares during the tendering period, i.e. from November 20, 2025, to November 26, 2025. "The Buyback is being undertaken by the company after taking into account the strategic and operational cash needs of the company in the medium term and for returning surplus funds to the shareholders in an effective and efficient manner in line with its capital allocation policy," Infosys said. The buyback is divided into two categories: reserved (small shareholders) and the general category. The reservation for small shareholders will be 15 per cent of the numb
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