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

Sunil Mittal has sold a stake worth close to $1 billion in Bharti Airtel this week. As reported by Bloomberg, GQG Partners LLC and Fidelity Investments were named as a couple of the investors that acquired shares in the company this week. In total, Mittal sold the 0.84 percent stake for $976 million. 51 million shares were sold.

Indian billionaire and Bharti Enterprises chairperson Sunil Mittal (pictured) has sold US$976 million worth of Bharti Airtel shares as he looks to secure funds for other ventures.

Sunil Bharti Mittal stated that Airtel is ready to lead satellite connectivity in India and is awaiting government approvals. He said shared satellite spectrum would boost connectivity in rural areas and called for an auction for urban regions.

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)

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.

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,