The stake buy strengthens the Bharti family's shareholding in Airtel; now the direct shareholding of Singtel and the Bharti family in Airtel will stand at 10% and 6%, respectively
Singapore-based telecom major says its underlying net profit improved 11% to S$1.92 billion last year, which was “mainly lifted by Airtel’s resilient turnaround”.
Shares of Bharti Airtel have risen 7.5% in the past four sessions amid a slew of positive developments and bullish outlook.
