Trade

Watchlist

Portfolio

Message

Set Alert

BSE LIVE NSE LIVE 26 Aug, 2025 12:21 Volume Todays L/H More ×

Bharti Airtel shares may see a block deal soon as promoter entity Pastel Ltd, a wholly-owned subsidiary of Singtel, is likely to sell 0.8% stake for Rs 10,300 crore, sources told CNBC-TV18 on November 6.

Floor price for the deal has been fixed at Rs 2,030 per share, which implies a 3.5% discount to current market price.

Pastel Ltd will see 5.1% crore shares and JPMorgan is the broker for the block deal, reported CNBC-Awaaz.

On November 6, Bharti Airtel shares on NSE closed 0.9% lower at Rs 2,095 apiece.

In May, Singtel said it has sold about 1.2% of its direct stake in Bharti Airtel for S$2 billion (roughly $1.5 billion) in sync with its active capital

See Full Page