Bharti Airtel share price slumps over 3% amid reports of ₹10,300 cr block deal; Singtel likely seller

Bharti Airtel share price fell by over 3% during Friday’s trading session, following reports that Singapore Telecommunications (Singtel) is planning to conduct a block deal to sell about 0.8% of its shares in the Indian telecom company. Pastel, a promoter group entity owned by Singapore’s Singtel, plans to sell shares of Bharti Airtel, said various reports.

This transaction, valued at approximately ₹10,300 crore, is set to take place at a minimum price of ₹2,030 per share, reflecting a 3.1% discount from Bharti Airtel’s most recent closing price, according to reports.