Archive · 28 Nov 2025
Bharti Telecom accepts Rs 8,500 crore bond bids
Bharti Telecom, a big company in India, recently accepted bids worth Rs 8,500 crore for bonds.
These bonds will pay interest rates of 7.30% and 7.40% and will mature in two years and three years and two months.
The company also had a big sale of shares.
Another company called ICIL, which is part of Bharti Airtel's promoter group, sold 34.2 million shares, which is about 0.56% of the company.
This sale was worth Rs 7,195 crore.
After this sale, the price of Bharti Airtel's shares went down a bit.
This is the third big sale of shares by the promoter group this year.
Bharti Telecom accepted bids worth Rs 8,500 crore for bonds with maturities of 2 years and 3 years 2 months.
The bonds offer coupon rates of 7.30% and 7.40% respectively.
Bharti Airtel's promoter entity, ICIL, sold 34.2 million shares worth Rs 7,195 crore, reducing its stake by 0.56%.
The share sale caused Bharti Airtel's stock to drop to an intra-day low of Rs 2,097.50, a 3% decline.
This is the third significant block deal by Bharti Airtel's promoter group in 2023.
- Who
- Bharti Telecom, Indian Continent Investment (ICIL)
- What
- Bond issuance and share offloading
- When
- November 28, 2023 (bonds), November 26, 2023 (shares)
- Where
- India
- Why
- To raise funds through bond issuance and share sale
- Company
- Bharti Telecom
- Bond Issue Amount
- Rs 8,500 crore
- Maturity Periods
- 2 years and 3 years 2 months
- Coupon Rates
- 7.30% and 7.40%
- Issue Size
- Rs 42.50 billion each
- Rating
- AAA (CRISIL)
- Promoter Entity
- Indian Continent Investment (ICIL)
- Shares Sold
- 34.2 million
- Stake Sold
- 0.56%
- Deal Value
- Rs 7,195 crore