State-run Telecommunications Consultants India Limited (TCIL) will shortly finalise the minimum pricing and terms of an offer-for-sale (OFS) to divest 5-10% of its residual stake in Bharti Hexacom Limited (NSEI:BHARTIHEXA). The Union government owns 15% via TCIL in Bharti Hexacom, in which Sunil Mittal-led Bharti Airtel holds 70%. "TCIL's OFS will be targeted at both institutional (read: qualified institutional buyers) and public shareholders, and is likely to be concluded in FY25," a senior government official told ET.

He added that discussions will start soon to finalise the timing, the stake sale quantum and the minimum price (floor price) in keeping with Sebi rules. Both the Department of Telecommunications (DoT) and the finance ministry will be involved in the exercise.