A company linked to Indian billionaire Sunil Mittal sold Bharti Airtel shares worth $976 million as the telecommunications tycoon seeks opportunities outside India.

This week, Sunil Mittal has sold a 0.84% stake (51 million shares) in India’s second largest telco, Bharti Airtel, raising roughly $976 million. The sale was made through the Mittal family’s investment company, Indian Continental Investment.

The move underscores Mittal's strategic efforts to generate funds for new ventures while maintaining Bharti Airtel's position as a leading player in India's telecom market.

Indian Continental Investment Ltd., a founder entity of Bharti Airtel Ltd. sold 0.84 per cent stake or 51 million shares for Rs 8,485 crore ($976 million)

Now, billionaire Sunil Mittal, who runs India's second-largest telecom firm, Bharti Airtel, has sold shares worth USD 976 million (Rs 8486 crore) in his company, Bloomberg reported. The first-generation entrepreneur now seeks funds for newer opportunities.

Bharti Airtel's promoter firm, Bharti Telecom -- a joint venture between Sunil Mittal family's investment arm and Singapore telecom major Singtel -- has acquired about 1.2 crore shares, or about 24 per cent,

Indian Continent Investment Limited a promoter-group entity of Bharti Airtel Limited (Airtel), led by billionaire Sunil Mittal, has sold 0.84% shareholding in Airtel through a market transaction. The deal,