{"id":241800,"date":"2025-02-18T21:39:21","date_gmt":"2025-02-18T21:39:21","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/02\/18\/mittal-sells-1-billion-bharti-stake-amid-bt-buy-the-times-of-india\/"},"modified":"2025-02-18T21:39:21","modified_gmt":"2025-02-18T21:39:21","slug":"mittal-sells-1-billion-bharti-stake-amid-bt-buy-the-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/02\/18\/mittal-sells-1-billion-bharti-stake-amid-bt-buy-the-times-of-india\/","title":{"rendered":"Mittal sells $1 billion Bharti stake amid BT buy &#8211; The Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img decoding=\"async\" src=\"https:\/\/i1.wp.com\/static.toiimg.com\/thumb\/msid-118366892,imgsize-20248,width-400,resizemode-4\/118366892.jpg?ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Mittal sells  billion Bharti stake amid BT buy &#8211; The Times of India\" title=\"Mittal sells  billion Bharti stake amid BT buy &#8211; The Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div data-articlebody=\"1\">\n<div class=\"_s30J clearfix  \">\n<div class=\"MwN2O\">\n<div class=\"vdo_embedd\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>GQG Partners<!-- --> LLC and <!-- -->Fidelity Investments<!-- --> were among the several big name investors which bought into <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/airtel\" styleobj=\"[object Object]\" class=\"\" commonstate=\"[object Object]\" frmappuse=\"1\">Bharti Airtel<\/a>, according to people familiar, as billionaire-founder <!-- -->Sunil Bharti Mittal<!-- --> seeks funds for newer opportunities.<br \/>Indian Continental Investment, a founder entity of Bharti Airtel sold just over 0.8% stake or 51 million shares for Rs 8,485 crore ($976 million) and nearly a fourth of that was bought by another group firm Bharti Telecom, according to an exchange filing Tuesday.<br \/>Lazard Inc, SBI Life Insurance, ICICI Prudential Life Insurance were among the other investors which picked up the remaining shares, according to people aware of the development. GQG Partners is now among the top ten investors in the wireless carrier, one person said. The <!-- -->stake sale<!-- --> happened at Rs 1660.46 apiece, a small discount to Monday&#8217;s close of Rs 1,675.6.<br \/>An email sent to representatives of GQG Partners, Fidelity and Lazard did not get an immediate response out of normal business. Spokespersons for SBI Life and Bharti Airtel did not immediately comment while a representative for ICICI Prudential declined to comment.<br \/>The shares were &#8220;allocated only to key marquee long-only names, both global and domestic,&#8221; Airtel&#8217;s filing said. The sale comes at a time when Mittal is expanding his business operations overseas with investments in Africa and UK-based satellite company OneWeb. A unit of closely held Bharti Enterprises. bought a 24.5% stake in BT Group last year. <\/div>\n<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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