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Singtel Offloads 1.2% Stake in Bharti Airtel for ₹13,173 Crore
Financial Express Kochi
|May 17, 2025
SINGAPORE-BASED TELECOM SERVICE provider Singapore Telecom (Singtel) has offloaded 1.2% of its direct stake in India's second largest telco Bharti Airtel for approximately ₹13,173 crore ($1.5 billion) through multiple block deals.
The firm, which also holds stake in Airtel's promoter Bharti Telecom, said in a statement that the stake sale was part of its active capital management approach to optimise its asset portfolio and drive shareholder returns sustainably.
The transaction was executed via a private placement to international and Indian institutional investors, including existing shareholders of Airtel.
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