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Singtel Sells 1.2% Stake in Bharti Airtel for $1.54 Billion in Oversubscribed Private Placement

The transaction reduces Singtel's stake to 28.3% and generates a $1.4 billion gain, supporting its capital management strategy.

Bharti Airtel block deal today; SingTel arm eyes Rs 8,568 cr share sale; target prices
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Overview

  • Singtel's subsidiary, Pastel Ltd, sold 71 million Bharti Airtel shares at Rs 1,814 per share via private placement.
  • The sale, completed on May 16, 2025, raised $1.54 billion (S$2 billion) and was oversubscribed by domestic mutual funds and international long-only investors.
  • Following the transaction, Singtel's effective stake in Bharti Airtel dropped from 29.5% to 28.3%.
  • The deal aligns with Singtel's strategy to optimize its asset portfolio, fund growth initiatives like 5G deployment, and enhance shareholder returns.
  • Bharti Airtel's strong Q4 FY25 performance, including a fivefold net profit increase, underpinned investor confidence and valuation.