Singtel confirms selling stake in Bharti Airtel worth over ₹13,000 crore

Singtel has confirmed on Friday, May 16, that it sold stake in Bharti Airtel via block deals.

In an official statement, Singtel said that it sold 7.1 crore shares in Bharti Airtel worth $1.54 billion or ₹13,221 crore. The stake was sold at ₹1,814 per share.

With this transaction, Singtel has trimmed its stake in Bharti Airtel to 28.3% from 29.5% earlier, having sold 1.2% stake through these block deals.

Buyers in the transaction remain unclear as of now.

According to the term sheet, accessed by CNBC-TV18, Singtel's unit Pastel, was likely to sell stake in the company through these deals.

The floor price of the block deal was fixed at ₹1,800 per share, which is a discount of 3.6% to Thursday's closing price for Bharti Airtel. The transaction has taken place above the floor price.

There will also be a lock-up of 60 days for the further selling of shares.

According to the March quarter shareholding pattern, Pastel holds 9.49% stake in Bharti Airtel.

Shares of Bharti Airtel are down 2.6% after the transaction at ₹1,818. The stock though had closed near its all-time high of ₹1,917 on Thursday. The stock had gained 17% so far in 2025 as of Thursday's close, featuring among the top gainers on the Nifty 50 index year-to-date.