New Delhi, Feb. 24 -- Bharti Airtel, India's second-largest telecom provider, witnessed its shares decline nearly 4% in intraday trade on Tuesday, February 24, touching the day's low of Rs.1,921 apiece. The stock was last seen around these levels in early February. The fall also marks its steepest intraday decline in three months.

Investors reacted negatively to the company's proposal to strengthen its Non-Banking Financial Company (NBFC), Airtel Money Limited, through substantial capital infusion.

On Monday, the company announced significant plans for Airtel Money, stating that it will capitalise the NBFC subsidiary with Rs.20,000 crore to be infused over the next few years, with 70% of the equity contribution coming from Bharti Airtel...