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Singtel Offloads 1.2 Pc Stake in Bharti Airtel for $1.5 Billion
The Daily Guardian
|May 17, 2025
Singtel on Friday said it has sold about 1.2 per cent of its direct stake in Bharti Airtel for SGD 2 billion (roughly USD 1.5 billion) in sync with its active capital management approach to optimise its asset portfolio and drive shareholder returns.
According to the bulk deal data available on the National Stock Exchange (NSE), Singtel's arm Pastel Ltd offloaded 7.10 crore shares or 1.2 per cent stake in Bharti Airtel.
The shares were disposed of at an average price of Rs 1,814.08 apiece, taking the aggregate transaction value to Rs 12,879.96 crore.
Following the sale of 1.2 per cent equity, Singtel will hold a 28.3 per cent stake in India's second-largest telecom operator Airtel.
यह कहानी The Daily Guardian के May 17, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 9,500 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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