Bharti Airtel shares have risen 27.53% in the last 12 months and 26.57% year-to-date. (Photo: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The shares of Bharti Airtel Ltd. fell 4.35% on Friday after Singtel reportedly offloaded stake worth Rs 10,195 crore (Singaporean $1.15 billion). Singtel likely sold 0.8% stake in the telecom giant, reported Bloomberg.

Singtel directly owns 7.5% stake and indirectly (via Bharti Telecom) owns 20% taking the total ownership stands at 27.5%.

Singtel, the Singapore-based telecommunications giant, holds Airtel shares through its subsidiary, Pastel Ltd. The company sold shares worth Rs 8,568 crore through block deal in May. The company had plans to sell approximately 4.76 crore shares, with the floor price for the block deal

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