Singapore Telecommunications (Singtel), through its investment arm Pastel Ltd, is selling 0.8% stake in Bharti Airtel valued at around ₹10,300 crore via a block deal. This sale involves approximately 5.1 crore shares at a floor price of ₹2,030 per share, which is roughly 3.1% below the last closing price of ₹2,095. The deal is part of Singtel’s ongoing strategy to optimize its portfolio and enhance shareholder returns. This marks the second significant stake reduction by Singtel in Bharti Airtel this year, following a 1.2% stake sale worth about $2 billion in May 2025. Bharti Airtel remains one of Asia’s leading telecom operators, with consistent revenue and profit growth. The block deal was managed by JP Morgan India and targeted at institutional investors via accelerated book building. Despite short-term stock price pressure (shares fell over 4% the day of the deal), analysts are optimistic about Bharti Airtel’s long-term business fundamentals. The company reported a consolidated net profit rise of 89% year-on-year in Q2 FY26, with revenue growth of 26%. The stake sale proceeds will support both Singtel’s balance sheet strength and its digital infrastructure investments.
