Posted by TelecomTraderIn (4 hrs ago)
ICIL (Airtel's holding arm) offloading 3.43 cr shares (0.56% stake) via block deal. Reduces holding below 1%. Airtel shares flat today, but ARPU up 10% QoQ. With 5G capex peaking, expect 12-15% upside to Rs 1,800 by Feb if Jio IPO heats competition. Stake sale = cash for debt paydown?