scorecardresearchBharti Airtel up nearly 0.5% after Bharti Telecom says to buy 3.33% stake from Singtel for ₹12,895 crore

Bharti Airtel up nearly 0.5% after Bharti Telecom says to buy 3.33% stake from Singtel for 12,895 crore

Updated: 25 Aug 2022, 01:45 PM IST
TL;DR.
Singtel in a statement said that after the transaction, Singtel Group is expected to own an effective stake of 29.7 per cent in Bharti Airtel, which is estimated to be worth SGD 22 billion (about 1.26 lakh crore).
A signage of Bharti Airtel Ltd., outside company's store in Mumbai, India, on Wednesday, Aug. 3, 2022. The South Asian nation sold spectrum, including 5G airwaves, worth 1.5 trillion rupees ($19 billion) across multiple bands, India�s telecom minister�Ashwini Vaishnaw�told reporters in New Delhi on Monday, confirming the government�s forecast of a�record�collection. Photographer: Dhiraj Singh/Bloomberg

A signage of Bharti Airtel Ltd., outside company's store in Mumbai, India, on Wednesday, Aug. 3, 2022. The South Asian nation sold spectrum, including 5G airwaves, worth 1.5 trillion rupees ($19 billion) across multiple bands, India�s telecom minister�Ashwini Vaishnaw�told reporters in New Delhi on Monday, confirming the government�s forecast of a�record�collection. Photographer: Dhiraj Singh/Bloomberg