BT falls on reports that UK plans to oppose billionaire Mittal raising stake
28/05/2026 08:41
BUZZ-BT falls on reports that UK plans to oppose billionaire Mittal raising stake ** Shares of UK-based telecom firm BT Group BT.L fall nearly 3% to 210.5p
** The Financial Times reports that the UK government will oppose any attempt by Indian billionaire Sunil Bharti Mittal to increase his stake in Co, citing people familiar with the matter
** Reuters had reported that Bharti Enterprises was seeking to potentially increase its BT stake to just under the threshold that would require it to make a takeover offer
** YTD, BT up ~15%, outperforming FTSE 100 .FTSE, which is up ~5%
(Reporting by Roshni Srivastava in Bengaluru)