According to an exchange filing, Singapore Telecommunications Ltd. (Singtel) made an estimated S$1.4 billion in profit when it sold its 1.2% direct stake in Bharti Airtel for S$2 billion, or roughly $1.54 billion.
At a price of ₹1,814 per share, 71 million Airtel shares were sold through Pastel, a fully owned subsidiary of Singtel. The price of the deal was 2.85% less than the closing price of Airtel's stock on Thursday.
After the sale, Singtel's ownership of Bharti Airtel will drop from 29.5% to 28.3%, with the remaining investment being worth about S$48 billion.
Friday saw a 2.8% decline in Bharti Airtel shares to ₹1,816.3 as market sentiment was affected by recent news.
Airtel reported earlier in the week that its consolidated net profit for the fourth quarter of FY 2024–2025 had increased by an astounding 432% to ₹11,022 crore. Strong growth in India, higher reported currency revenue in Africa, and the full-quarter effects of the Indus Towers consolidation were all cited by the telecom behemoth as reasons for its impressive performance. All of these elements worked together to produce the company's outstanding outcomes, which demonstrated its capacity to take advantage of advantageous market circumstances and strategic initiatives. Notwithstanding the decline in shares, Airtel's financial expansion demonstrates its strong position in the market.
