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.

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.

Speaking at the SOUL leadership conclave, Bharti Enterprises' billionaire founder Sunil Bharti Mittal shared five powerful management mantras for effective leadership and success.

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,

State-owned BSNL is giving tough competition to private telecom giants, including Mukesh Ambani-led Reliance Jio -- India's largest telecom provider -- Sunil Mittal's Bharti Airtel, and Vodafone Idea (Vi).