Bharti Airtel stake sale: Shares of Indian billionaire Sunil Mittal's Bharti Airtel fell on Friday after Singapore's Singtel sold its huge stake in the telecom company. According to Reuters, Singtel had sold a 0.8 per cent stake worth USD 1.16 billion in Airtel as part of the Southeast Asian telecom company's ongoing asset restructuring strategy.

Singtel sells shares in Bharti Airtel

Singtel's unit Pastel sold 51 million shares of Bharti Airtel, India's second-largest telecom operator, at Rs 2,030 apiece, representing a discount of about 3.1 per cent to Airtel's last close on Thursday. Singtel has been an investor in Bharti Airtel since 2000.

Singtel's stake in Bharti Airtel

Singtel now holds a 27.5% stake in Bharti Airtel, down from 31.4 per cent in 2022. The telecom company has

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