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Singtel Offloads 1.2% Direct Stake in Airtel for $1.5 Billion via Block Deal
Business Standard
|May 17, 2025
Transaction priced at a 2.85% discount to Airtel's closing stock price on Thursday
Singtel on Friday sold Bharti Airtel shares worth $1.5 billion (₹12,750 crore) through a scheduled block deal that saw its stake in the telco reducing by 1.2 per cent.
Offloading 71 million Airtel shares at ₹1,814 apiece, Singtel will now hold a 28.3 per cent stake in Airtel, down from 29.5 per cent earlier. Executed through its wholly owned subsidiary Pastel, the sale was oversubscribed. The transaction was priced at a 2.85 per cent discount to Airtel's closing stock price on Thursday.
Cette histoire est tirée de l'édition May 17, 2025 de Business Standard.
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