Bharti Airtel share price fell over 2.05% to ₹2,117.20 per share in Wednesday’s trading session after 3.5 shares worth ₹7,400 crore changed hands in block deals on November 26, according to media reports.
The telecom giant stock opened at ₹2,110 apiece in early morning session on November 26, as compared to previous close of ₹2,161 on Tuesday. The stock has been on a rally in the near-term. Bharti Airtel share price surged 15% in last six months and 35% in last one year.
Bharti Airtel block deals
According to CNBC TV18 report, around 3.5 crore Bharti Airtel Ltd. shares — representing 0.6% of the company’s equity and valued at about ₹7,400 crore — were traded at ₹2,108 per share through multiple block deals.
This marks the second major block deal in Bharti Airtel within three weeks. The identities of the buyers and sellers in this transaction have not been officially disclosed.
(This is a developing story)
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