{"id":931160,"date":"2025-05-16T07:58:32","date_gmt":"2025-05-16T02:28:32","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=931160"},"modified":"2025-05-16T08:00:26","modified_gmt":"2025-05-16T02:30:26","slug":"singapore-telecom-giant-singtel-to-offload-1-equity-in-airtel-for-1-billion","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/05\/16\/singapore-telecom-giant-singtel-to-offload-1-equity-in-airtel-for-1-billion\/","title":{"rendered":"Singapore telecom giant Singtel to offload 1% equity in Airtel for $1 billion"},"content":{"rendered":"<p>Singtel, Singapore\u2019s telecom giant, is likely to sell shares worth $1 billion (about Rs 8,570 crore) in Bharti Airtel through a large block deal on Friday. The deal involves the sale of 4.76 crore shares, with the floor price set at Rs 1,800 per share \u2014 a 3.6% discount to Bharti Airtel\u2019s last traded market price. <\/p>\n<p>The deal will be managed by JP Morgan, the designated broker for the transaction. Singtel&#8217;s Pastel currently holds a 9.49% stake in Bharti Airtel, and this sale will reduce its holding by just under 1%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singtel, Singapore\u2019s telecom giant, is likely to sell shares worth $1 billion (about Rs 8,570 crore) in Bharti Airtel through a large block deal on Friday. The deal involves the sale of 4.76 crore shares, with the floor price set at Rs 1,800 per share \u2014 a 3.6% discount to Bharti Airtel\u2019s last traded market price. The deal will be managed by JP Morgan, the designated broker for the transaction. Singtel&#8217;s Pastel currently holds a 9.49% stake in Bharti Airtel, and this sale will reduce its holding by just under 1%.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,76,17],"tags":[],"class_list":["post-931160","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/931160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=931160"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/931160\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=931160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=931160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=931160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}