New Delhi, Nov 7 (PTI) Shares of Bharti Airtel tumbled over 4 per cent on Friday after Singtel said it has sold about 0.8 per cent stake in the firm for Rs 10,353 crore (SGD 1.5 billion).

The stock tanked 4.46 per cent to settle at Rs 2,001.10 on the BSE. During the day, it declined 4.71 per cent to Rs 1,995.80.

At the NSE, the stock tumbled 4.47 per cent to Rs 2,001.20.

The company's market valuation eroded Rs 1,35,483.25 crore to Rs 11,41,048.30 crore.

The stock emerged as the biggest laggard among the Sensex and Nifty firms.

Singtel on Friday said it has sold about 0.8 per cent stake in Bharti Airtel for Rs 10,353 crore (SGD 1.5 billion) as it continues to proactively optimise its portfolio through asset recycling.

Following the stake sale, Singtel will hold a 27.5 per cent stake

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