Bharti Telecom has sold 2.75% stake in Airtel to institutional investors in secondary market, raising over ₹8,433 crore. The company said sale proceeds will be utilised to repay debt at Bharti Telecom and will make the promoter holding company "debt free". Bharti Group and Singtel will continue to hold a majority stake in Bharti Airtel at 56.23% after the transaction.