Overview

• SingTel’s affiliate, Pastel Ltd, will sell 47.6 million Bharti Airtel shares, reducing its stake from 9.49% to approximately 8.69%.
• The block deal, valued at Rs 8,568 crore, is set at a floor price of Rs 1,800 per share, a 3.6% discount to Airtel’s recent market price.
• JP Morgan is the sole placement agent for the transaction, which is expected to attract institutional investors due to its scale and pricing.
• This sale aligns with SingTel’s broader capital recycling strategy to reallocate resources toward its core and digital businesses.
• Bharti Airtel recently reported strong Q4 FY25 financial results, including a five-fold surge in net profit and a 29% revenue growth in India.