Sunil Bharti Mittal

Bharti Airtel promoter entity ICIL sells 3.43 cr shares for ₹7,189 cr

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

Revenue milestone: Airtel is leading the way with record-high Arpu

As Arpu is a key yardstick of a telecom company's financial health, telcos must work on effective monetisation strategies

FTA with UK adds strength to India's hand in other deals: Sunil Mittal

It's a win win for both sides with a balanced outcome after a very long and hard negotiation, says Mittal

Gautam Adani draws ₹10.41 crore salary in FY25: Who earned more than him?

Billionaire Gautam Adani drew a salary of ₹10.41 crore in FY25, an increase of 12% from the previous year, but remains behind several peers and group executives in remuneration

India Inc needs scheme like Vivaad se Vishwas, says Sunil Bharti Mittal

Says government must launch Vivad se Vishwas scheme for corporates to release locked funds, backs a uniform 25% tax rate and 'one nation, one election' for economic efficiency

Shravin Bharti Mittal joins wealthy exodus as UK tax reforms bite

Shravin Mittal's relocation to UAE highlights the impact of Britain's crackdown on non-dom tax perks; analysts warn of broader economic fallout

Airtel's Sunil Mittal in talks to buy 49% stake in Haier India for $2 bn

Bharti Airtel's Sunil Mittal has partnered with private equity firm Warburg Pincus to acquire the stake Haier India, and a deal could be signed in a few weeks, Bloomberg reported

Sunil Bharti Mittal joins World Bank's pvt sector investment lab initiative

The World Bank Group on Thursday announced the launch of the next phase of PSIL

Honorary knighthood medal presented to Bharti Enterprises' Mittal

Mittal was presented the insignia of the Knight Commander of the Most Excellent Order of the British Empire (KBE) at a special investiture ceremony at the British High Commissioner's residence

Sunil Bharti Mittal bestowed honorary knighthood by British High Commission

Sunil Mittal, on receiving the honour, expressed his gratitude, "It is an honour to have received the KBE from King Charles III"

Billionaire Sunil Mittal's firm sells Airtel stake worth $976 million

Indian Continental Investment Ltd., a founder entity of Bharti Airtel Ltd. sold 0.84 per cent stake or 51 million shares for Rs 8,485 crore ($976 million)

Bharti Global completes acquisition of 24.5% of BT Group from Altice UK

Bharti Global, the international investment arm of Bharti Enterprises, has completed the acquisition of 24.5 per cent of the issued share capital of BT Group plc from Altice UK. In a statement, Sunil Bharti Mittal, Chair of Bharti Enterprises said Bharti has long recognised the enormous potential of the business, as the telecom stalwart expressed his delight at completion of the transaction. "We're delighted to have completed our investment into BT. Bharti has long recognised the enormous potential of the business. BT's renewed focus on optimisation, strengthening networks and driving consumer growth makes it well placed to consolidate its position as a leading global telecom company that delivers long-term value for investors," Mittal said. In August this year, Mittal's conglomerate had announced it will buy 24.5 per cent stake in BT Group for about USD 4 billion to become the single largest shareholder in Britain's biggest broadband and mobile company. Bharti Global, the ...

No intention of a takeover; not asked for board seats: Sunil Bharti Mittal

Says waiting for signal from DoT to start Oneweb in India

Sunil Bharti Mittal conferred honorary knighthood by King Charles III

Mittal is the first Indian citizen to be awarded the Knight Commander of the Most Excellent Order of the British Empire (KBE) under King Charles III

Sunil Bharti Mittal receives honorary Knighthood from King Charles III

Bharti Enterprises Founder and Chairman Sunil Bharti Mittal on Wednesday became the first Indian citizen to be conferred an honorary Knighthood by Britain's King Charles III for services to UK and India business relations. In a list of honorary British awards unveiled by the UK Cabinet Office, Mittal receives a KBE under the Most Excellent Order of the British Empire one of the highest honours conferred by a British monarch. The 66-year-old entrepreneur said in a statement that he was deeply humbled by the gracious recognition from King Charles. The UK and India have historical relations, which are now entering a new era of increased cooperation and collaboration. I remain committed to working towards strengthening the economic and bilateral trade relationships between our two great nations, Mittal said. I am thankful to the government of the UK, whose support and keen attention to the needs of business has been critical in making the country an attractive investment destination,

Sunil Bharti Mittal receives Honorary Knighthood from King Charles III

Sunil Bharti Mittal said in a statement that he was 'deeply humbled' by the gracious recognition from King Charles III

Sunil Bharti Mittal discusses UPI, 5G technology with Kenyan President

Mittal also backed the Digital Public Infrastructure (DPI) or the India Stack of technologies to ensure last-mile inclusion and digital adoption

OneWeb satellite service ready to connect nation from next month: Mittal

OneWeb Satellite communication service is ready to connect all parts of the country from next month, Bharti Airtel Chairman Sunil Bharti Mittal said on Friday. While speaking at the inaugural session of the India Mobile Congress 2023, Mittal said 5G services was launched last year and Airtel has covered the entire country, covering 5,000 towns and cities along with 20,000 villages till date. He said that Airtel with the help of Universal Services Obligation Fund has been connecting rural and remote areas, and now satellite technology is available to connect all parts of the country. "OneWeb constellation is ready to serve the globe and is ready to serve the country. Anybody, anywhere in the country, in remote parts or in difficult areas , wherever they are located can be connected from next month," Mittal said. OneWeb, now merged with Eutelsat, will operate commercially as Eutelsat OneWeb with its centre of operations in London. Bharti Enterprises is the largest shareholder of the

Sustaining economic recovery a challenge in coming years: Sitharaman at B20

The FM said using only interest rates to control inflation might have a downside, and supply-side issues also need to be managed

Isro launches 36 satellites for OneWeb; everything you need to know

This was the second launch by Isro for OneWeb, a UK-based company supported by the UK govt, SoftBank, and India's Bharti Enterprises