Bharti Airtel share price slumps nearly 3% amid reports of stake sale by Singtel worth ₹8,500 crore via block deal

Bharti Airtel share price dropped by almost 3% during Friday’s trading session following reports of block deals. A 1.3% equity stake in Bharti Airtel was sold through large transactions. Approximately 3.1 crore shares were exchanged at an average price of ₹1,820 each, which represents a 3.6% discount compared to the closing price on Thursday, as reported by CNBC-TV18.

Singtel, based in Singapore, is believed to have reduced its stake in the telecom company via its investment arm, Pastel.