Singtel sells stake worth ₹5,849 cr in Airtel to Rajiv Jain's GQG
Reacting to the news, shares of Bharti Airtel rose as much as 1.6% to hit a fresh 52-week high of ₹1,213.05 on the BSE.
singtel
March 2024
November 2022
September 2022
August 2022
May 2022
Bharti Telecom plans to raise ₹7,000 cr via bonds; Airtel shares down 2%
The telecom company is looking to raise the fund through shorter-tenor bonds in three tranches and has invited bids from investors on November 18.
Singtel offloads 1.5% stake in Airtel for ₹7,262 cr
Airtel shares were down 0.6%; stake sale decision by Singtel is part of its plan to raise over S$2 billion to meet needs for 5G and expansion initiatives.
Bharti Airtel stock jump 3% on Singtel stake sale
Singtel has sold a 1.76% stake in Bharti Airtel for an aggregate amount of ₹6,399 crore, which was mostly acquired by Bharti Telecom, a promoter entity of the Indian telco.
Bharti Telecom to buy 3.3% stake in Airtel from Singtel for ₹12,895 cr
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
‘Core investment’: Singtel junks reports of stake sale in Bharti Airtel
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”.
