Bharti Telecom Ltd (BTL), the key promoter company of Bharti Airtel, has boosted its holding in the Sunil Mittal-led telco to 39.59% by acquiring an additional 1.35% stake from another promoter group entity, Indian Continent Investment Ltd (ICIL) through a Rs 8,301.73-crore block deal. BTL announced the acquisition in a stock exchange filing, stating that the shares were acquired through a block deal mechanism on the National Stock Exchange of India Limited. Following this transaction, BTL’s holding in Bharti Airtel has increased to 39.59%. Read more on the Economic Times website.