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Singtel to Sell 1% Equity Share in Bharti Airtel for $1 Billion
The New Indian Express
|May 16, 2025
SINGTEL, Singapore's telecom giant, is likely to sell shares worth $1 billion (about ₹8,570 crore) in Bharti Airtel through a large block deal on Friday.
The deal involves the sale of 4.76 crore shares, with the floor price set at ₹1,800 per share—a 3.6% discount to Bharti Airtel's last traded market price.
The deal will be managed by JP Morgan, the designated broker for the transaction. Singtel's Pastel currently holds a 9.49% stake in Bharti Airtel, and this sale will reduce its holding by just under 1%.
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