Singtel Sells 1.2% Direct Stake in India’s Bharti Airtel for $2 Billion

Stock Market Update: This company's shares may see a sharp decline. There was a major change in the share price of Bharti Airtel on Friday.

Singtel sells 1.2% direct stake in India’s Bharti Airtel for $2 billion

The telco netted an estimated gain of $1.4 billion from the sale. Read more at straitstimes.com.

Airtel's stock price down by 2.85% as Singapore's Singtel sells 1.2% stake in Bharti Airtel

Telecom company Singtel has sold up to 1.2 per cent of its stake in India’s Bharti Airtel, a subsidiary of Airtel Africa, for $1.54 billion (2 billion Singapore dollars) and realised an estimated gain of $1 billion (1.4 billion Singapore dollars). The development has now reduced Airtel’s stock price by 2.85 per cent as of the closing hours of Thursday. A unit of the Singapore-based network provider, Pastel, sold 71 million shares in Airtel at $2…

Singtel Sells 1.2% Stake In Bharti Airtel For SGD 2 Billion, Retains 28.3% Holding

Singtel on Friday said it has sold about 1.2% of its direct stake in Bharti Airtel for SGD 2 billion (roughly $1.5 billion) in sync with its active capital management approach to optimise its asset portfolio and drive shareholder returns. Following the sale of 1.2% equity, Singtel will hold a 28.3% stake in India's second-largest telecom operator Airtel.The transaction was executed on a private placement basis to international and Indian institu…

Singtel Sells 1.2% Stake in Bharti Airtel for $1.54 Billion, Reaffirms Long-Term Commitment

Singapore Telecommunications Ltd (Singtel) has offloaded a 1.2 per cent direct stake in Bharti Airtel for S$2 billion (approximately $1.54 billion), through its wholly owned unit Pastel. The 71 million shares were sold at ₹1,814 apiece — a 2.85 per cent discount to Airtel’s previous closing price. The deal generated an estimated gain of S$1.4 billion for Singtel and reduced its overall holding in Airtel from 29.5 per cent to 28.3 per cent, with …

Singtel sells 1.2% direct stake in Airtel for around Rs 13,182 crore via pvt placement - GAGA INDIA

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