Singtel Optimizes Holdings with Strategic Bharti Airtel Stake Sale
Singtel has divested 1.2% of its direct stake in Bharti Airtel for SGD 2 billion as part of its capital management strategy. The sale was well-received by international and Indian institutional investors. Post-sale, Singtel holds 28.3% in Airtel and aims for sustainable shareholder returns.
- Country:
- India
Singtel announced on Friday that it successfully sold 1.2% of its direct stake in Bharti Airtel for SGD 2 billion, aligning with its strategy to optimize asset portfolio and enhance shareholder returns.
The transaction was conducted privately and attracted strong interest, predominantly from domestic mutual and long-term international funds, resulting in an oversubscription.
As a longstanding strategic partner, Singtel remains focused on supporting Bharti Airtel's growth and India's emerging digital economy, all while reinforcing shareholder value through disciplined capital management.
(With inputs from agencies.)
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