Bharti Airtel promoter group entity, Indian Continent Investment Limited (ICIL), has reduced its stake in the telecom giant through a significant market transaction. The sale, which took place on November 26, 2025, involved 34.30 million shares, representing a 0.56% shareholding in Bharti Airtel.

Transaction Details

The following table summarizes the key details of the transaction:

Impact on Shareholding

The sale has resulted in a significant change in ICIL's holding in Bharti Airtel:

It's worth noting that despite this substantial sale, there has been no change in Bharti Airtel's total share capital, as this was a market transaction.

Company Share Capital

As per the latest filing by Bharti Airtel Limited to the Stock Exchanges under Regulation 31(b) of SEBI (LODR) Regulations, 2015, as of September 30, 2025, the company's share capital structure is as follows:

The total share capital of the company stands at INR 29,000,886,172.50.

This transaction highlights the dynamic nature of shareholding patterns in large corporations like Bharti Airtel. While the sale represents a significant number of shares, it's important to note that it does not affect the company's overall capital structure or operations.

Bharti Airtel has achieved significant milestones in network expansion and financial standing. The company has become the first service provider to bring mobile connectivity to the remote villages of Man and Merak in Ladakh, while also receiving a credit rating upgrade from S&P Global Ratings.

Ladakh Expansion

Bharti Airtel's network expansion in Ladakh connects a previously uncovered 50km corridor near the Pangong Lake, marking a substantial leap in digital accessibility for the region.

The expansion carries multifaceted benefits for various stakeholders:

Geographical Significance

The newly connected area holds particular importance due to its location:

• Situated on Ladakh's eastern frontier
• Covers a 50km corridor near Pangong Lake
• Enhances connectivity in a region of geopolitical significance

Implications of the Expansion

Bharti Airtel's initiative goes beyond mere telecommunications improvement:

1. Tourism: Enhanced connectivity may lead to increased tourist interest and improved experiences in the region.
2. Digital Inclusion: Local communities now have the opportunity to access a wide range of digital services, potentially improving education, healthcare, and economic opportunities.
3. National Security: Improved communication infrastructure in border areas can aid security forces in their operations.

Credit Rating Upgrade

S&P Global Ratings has raised Bharti Airtel's long-term issuer credit rating to BBB from BBB- with a positive outlook. This upgrade reflects:

• Robust earnings momentum
• Continued deleveraging over the next 12-24 months
• Strong market position as India's second-largest telecom provider
• Improved cash flows from tariff hikes
• Expectations of FFO-to-debt ratio improving toward 45%

The credit rating upgrade underscores Bharti Airtel's financial strength and positive growth trajectory in the telecommunications sector.

These developments highlight Bharti Airtel's commitment to expanding connectivity in remote areas while maintaining a strong financial position. The company's efforts contribute to both social development and national interests, bridging the digital divide in India's strategic regions.