Indian Billionaire Sunil Mittal Acquires Major Stake in BT Group

Bharti Enterprises buys 24.5% stake from Patrick Drahi's Altice, becoming BT's largest shareholder

Bharti Enterprises' investment is valued at approximately £3.2 billion ($4 billion).
BT shares rose by up to 7.5% following the announcement.
The acquisition is seen as a vote of confidence in BT's long-term strategy and UK investment climate.
Patrick Drahi's Altice sold the stake to manage its substantial debt load.
Bharti has ruled out a full takeover and is seeking regulatory clearance for the deal.