Bulk Deals: Blackrock India sells over 25.5 lk shares in Bharti Airtel through rights entitlement on Wednesday

A hedge fund company Blackrock India Equities Fund (Mauritius) Limited sold over 25.5 lakh equity shares in Bharti Airtel Limited-RE (Rights Entitlement) at Rs 207.67 per share on the BSE, as per bulk deals data on Wednesday.

The second-largest telecom company — Bharti Airtel has opened a Rs 21000 crore Rights Issue today (October 5, 2021) and it will end on October 21, 2021. The shares of Bharti Airtel rights entitlement (RE) has opened on Tuesday and will close on October 14, 2021, at the stock exchanges.

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Earlier on Tuesday, Reliance Mutual Fund had bought 20 lakh equity shares in Bharti Airtel Limited – RE (Rights Entitlement) at Rs 204.95 per share on the NSE, as per the bulk deals data.

Similarly, Chhattisgarh Investments Limited bought over 18 lakh equity shares in Mercator Limited at Rs 1.72 per share; While CSP Investments sold over 19.5 lakh equity shares in the company at 1.71 per share on the NSE in an otherwise negative market today, bulk deals data showed.

Rajasthan Global Securities also bought 1.1 lakh equity shares in R.P.P. Infra Projects-RE (Rights Entitlement) at Rs 27.47 per share on the NSE, bulk deals data revealed.

Individual investors such as Ramani Satish Ratilal sold 1 lakh equity shares in Felix Industries at Rs 39.7 per share; Umesh Purushottam Chamdia also sold 1 lakh equity shares in Intrasoft Tech. Ltd at Rs 124.66 per share and Shah Rajen Anilbhai sold 66000 equity shares in TRF Limited at Rs 156.55 per share on the NSE, according to bulk deals data.

Vistra Itcl India Limited continues to sell its stake in Walchandnagar Ind. Ltd, as the investment fund for the second straight session today, sold 2 lakh equity shares in the company at Rs 56.79 per share on the NSE, the bulk deals data portrayed.

Meanwhile, Garnet Tradelink Private Limited sold 1.3 lakh equity shares in Associated Alcohols at Rs 496.59 per share on the NSE, the bulk deals pointed out.