Bharti Airtel block deal: BNP Paribas buys Rs 96 crore worth shares; BofA sells

Synopsis

Bharti Airtel witnessed a block deal on Wednesday, with BNP Paribas buying 5.4 lakh shares from BoFA Securities for Rs 96 crore. The shares were acquired at Rs 1,782 apiece, nearly flat with Monday’s close.

Bharti Airtel on Wednesday witnessed a block deal in which French multinational bank BNP Paribas bought 5.4 lakh shares in a transaction valued at Rs 96 crore. The seller in the deal was BoFA Securities.

The shares were bought by BNP Paribas through its investment arm BNP Paribas Financial at a price of Rs 1,782 apiece, flat over the Monday closing price of Rs 1784.30.

Bharti Airtel shares on Wednesday fell despite an upbeat market where Nifty settled at 22,679.40, gaining by 348 points or 1.56% while the BSE Sensex closed at 73,134.32, declining by 1,186.77 points or 1.65%.

The stock fell by Rs 2.30 or 0.13% at Rs 1,782 on the BSE.

Airtel shares have managed to deliver positive one-year returns of 3%. The stock is currently trading below its 50-day and 200-day simple moving averages (SMAs) of Rs 1,925 and Rs 1,975, respectively, according to Trendlyne data.

Also read: Goldman Sachs picks stakes in Jio Financial, BHEL via block deals. Check sellers

Telecom major Bharati Airtel reported 55% year-on-year (YoY) decline in its consolidated net profit at Rs 6,630 crore for the quarter ended December 2025. Consolidated revenues for the third quarter came in at Rs 53,982 crore, up 20% YoY.

The slump in bottomline was mainly due to the higher base of last year, which occurred on account of an exceptional gain.

Also read: BNP Paribas buys stakes in 4 stocks via block deals; LG Electronics, Max Health & 2 more

Consolidated EBITDA for the quarter stood at Rs 31,144 crore with EBITDA margin of 57.7%

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