Singapore Telecommunications sheds 1.2% of Bharti Airtel stake for $1.5 billion

Singapore Telecommunications (Singtel) on Friday informed its shareholders that it has sold around 1.2 per cent of its direct stake in Bharti Airtel for SGD 2 billion ($1.5 billion)

The transaction involved Singtel’s wholly owned subsidiary Pastel Limited (a promoter group entity in Airtel), selling 71 million shares at a price of ₹1,814 per share, generating an estimated gain of SDG 1.4 billion for Singtel. The divestment follows a five fold jump in Q4FY25 profit of Airtel.