Singtel sells 1.2% stake in Bharti Airtel via private placement for Rs 13,180 crore

Kolkata: Singapore Telecommunications (Singtel) raised about S$2 billion (₹13,180 crore) by selling a 1.2% direct stake in regional associate Bharti Airtel, through a private placement to global and Indian institutional investors, including existing shareholders of India’s second-largest telco.