Overview
- Pastel Ltd sold about 5.1 crore Bharti Airtel shares at a floor price of Rs 2,030, roughly a 3.1% discount to the previous close.
- JP Morgan India handled the placement, with settlement guided for November 10 and a 60‑day lock‑up on further sales.
- Bharti Airtel’s stock fell around 4% in early trade, hitting intraday lows near Rs 2,001–2,009 as the large block changed hands.
- The transaction continues a measured stake trim after a 1.2% sale in May 2025, part of Singtel’s ongoing portfolio optimisation.
- Airtel’s fundamentals remain strong, with Q2 FY26 profit up about 89% year on year to Rs 6,791.7 crore and revenue up 25.7% to Rs 52,145 crore.