Bharti Airtel CEO Sells Stake In Firm To Bharti Telecom

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Bharti Airtel CEO Sells Stake In Firm To Bharti Telecom

 

New Delhi: Bharti Airtel MD and Chief Executive Officer of Gopal Vittal today sold 1.21 million shares of the company to the promotion company Bharti Telecom for Rubles. 5 crores.

According to the block transaction data available in the NSE, the shares were unloaded at an average price in rubles. 416.05 apiece, valuing the transaction in Rs. 5,03,42,050.

According to the data, Vittal of Bharti Airtel ordered 1.21 lacquer shares in the telecommunications sector.



The shares were bought by the promoter company Bharti Airtel Bharti Telecom through a deal in the open market.

"Bharti Telecom Ltd (BTL), the promoter of Bharti Airtel from time to time buys shares of Airtel.

"Gopal Vittal, MD & CEO, Airtel sold part of its ESOP, and BTL offered to buy the same," said Bharti Airtel spokesman.

ESOP is a stock option plan for employees. Shares of a large telecommunications operator ended the day at 0.08 percent in rupees. 416.40 on the NSE.