Bharti Airtel down on stake sell by CEO

The share price of Telecom major Bharti Airtel plummeted by 4.5% after news that Manoj Kohli, CEO of Bharti Airtel has sold his entire holding of 1.2 Lac shares in the company on March 6 and Mar 9 due to personal reasons.

Bharti Aritel had declared a addition of 2.73 Million new subscribers in the month of February 2009. At the end of February 2009, Bharti Airtel held a market share of 32.88% with a total of 91.11mn customers, while Vodafone Essar had a market share of 23.79% at 65.92mn subscribers. BSNL accounted for 15.94% of the GSM market at 44.18mn customers and Idea held a market share of 14.98% at 41.51mn.