On 26 February 2021, Integrated Core Strategies (Asia) offloaded 3.70 crore equity shares (0.68% equity) of Bharti Airtel at Rs 556.46 per share via bulk deal on the NSE.
Integrated Core Strategies (Asia) had acquired 3.80 crore shares, or 0.7% stake in Bharti Airtel on 31 August 2020 via bulk deal on the NSE.
Meanwhile, Airtel Digital, a wholly-owned subsidiary of Bharti Airtel has agreed to subscribe to 5,000 equity shares (10% stake) in Ferbine for a cash consideration of Rs 50,000 on Thursday, 25 February 2021. The transaction is expected to be completed by 5 March 2021.
On a consolidated basis, the telecom major reported a net profit of Rs 853.60 crore in Q3 FY21 as against net loss of Rs 1,035.30 crore in Q3 FY20. Net sales during the quarter jumped 24.2% year-on-year (Y-o-Y) to Rs 26,517.80 crore.
Share of Bharti Airtel slipped over 6% in trade today after Integrated Core Strategies (Asia) Pte Ltd sold 3,70,59,893 equity shares in the company at Rs 556.46 per share. Bharti Airtel share fell 6.46% to Rs 521.10 against previous close of Rs 557.10 o
Benchmark indices firmed up once again afternoon trade. The Nifty re-claimed 14,700 mark. Value buying emerged after a heavy selling in the previous trading session.
At 13:20 IST, the barometer index, the S&P BSE Sensex, surged 728.01 points or 1.48% at 49,828.00. The Nifty 50 index advanced 202.20 points or 1.39% at 14,731.35.
Strength in HDFC Bank (up 1.96%), HDFC (up 2.35%) and Infosys (up 2.07%) boosted the indices.
The broader market was trading firm. The S&P BSE Mid-Cap index rose 1.16%. The S&P BSE Small-Cap index gained 1.33%.
Buyers outnumbered sellers. On the BSE, 1,852 shares rose and 1,069 shares fell. A total of 195 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 8,295.17 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,499.70 crore in the Indian equity market on 26 February 2021, provisional data showed.