A major shareholder group led by Indian billionaire Sunil Mittal is set to offload more than 34 million shares in Bharti Airtel, one of India’s largest telecom companies, according to a deal document reviewed on Tuesday.

The seller, Indian Continent Investment, plans to execute the transaction through bulk deals, a common method used for large-scale share sales in public markets.

Stake Sale Valued at Over $800 Million

The shares are being offered at a floor price of ₹2,096.70 each, placing the total value of the stake at approximately $806 million. The document did not disclose the identity of potential buyers but indicates strong interest, given Airtel’s recent performance and its leadership in India’s telecom sector.

Part of Broader Market Activity Around Airtel

The planned sale comes at a time when Bharti Airtel continues to strengthen its position in mobile services, 5G expansion, and digital connectivity across India. The company has seen stable subscriber additions and consistent revenue growth, attracting strong institutional attention.

Sunil Mittal, the founder and chairperson of Airtel’s parent group, has frequently rebalanced holdings within group entities to support strategic investments and simplify ownership structures.

Airtel Shares Remain in Focus Ahead of Bulk Deal

Market analysts say such block trades are often used to improve liquidity and allow long-term investors to adjust their positions without causing major price fluctuations. The large size of the sale suggests careful coordination to avoid market disruption.

The deal is expected to draw significant interest from global funds and domestic institutions that continue to view Airtel as a key player in India’s expanding telecom and digital infrastructure landscape.