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Singtel arm to sell ₹856 cr Airtel stock
Mint Mumbai
|May 16, 2025
Singapore-based telecom conglomerate Singtel's subsidiary will sell shares worth ₹856 crore or a 0.8% stake in Bharti Airtel through a block deal on Friday, according to people in the know.
Pastel Ltd, Singtel's subsidiary, will sell 47.6 million Bharti Airtel shares at an offer price of ₹1,800 per share. This is a 3.3% discount to the closing price of ₹1,863.10 on the National Stock Exchange (NSE). Brokerage
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