BNP Paribas Financial Markets Acquires Rs 96 Crore Worth of Bharti Airtel Shares

BNP Paribas Financial Markets Acquires $96.22 Crore Worth Shares in Bharti Airtel

BNP Paribas Financial Markets, a subsidiary of European bank BNP Paribas SA, has acquired over 96 crore worth of shares in telecom operator Bharti Airtel through an open market transaction on April 1. The acquisition marks a significant move for BNP Paribas Financial Markets in the Indian market.

Bharti Airtel shares concluded the first session of the new financial year at Rs 1,782 on the Bombay Stock Exchange (BSE), posting a 0.13 percent decline. Despite this, the stock has been consolidating within a 100 rupees range, finding support at Rs 1,770 since mid-March.

According to block deals data on Wednesday, BNP Paribas Financial Markets purchased 5.4 lakh shares (equivalent to 0.008 percent of paid-up equity) from BofA Securities Europe SA. The shares were exchanged at a price of Rs 1,782, valuing at Rs 96.22 crore.

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In other market developments, Life Insurance Corporation of India sold 66,651 rights shares of TIL Ltd at Rs 2.8 per share. The rights shares experienced a significant rally, rising 40 percent from its previous close of Rs 2 on the BSE.

The rights issue of TIL Ltd opened on March 30 and will close on April 8, 2026.