Massive ₹10,300 Crore Bharti Airtel Stake Sale: Singtel Offloads Shares – What Investors Need to Know!

Pastel Limited, a wholly-owned subsidiary of Singapore Telecommunications Limited (Singtel), has completed a significant secondary sale of its stake in Bharti Airtel Limited. The transaction involved offloading up to 51,000,000 equity shares, aggregating a value of approximately ₹10,300 crore (US$1.1 billion). These shares were sold through the screen-based trading platforms of the BSE Limited and the National Stock Exchange of India Limited.

This move follows another stake sale by Singtel in Bharti Airtel earlier this year. J.P. Morgan India Private Limited acted as the broker for this large transaction, with TT&A providing legal advice to the broker, and Mayer Brown Hong Kong LLP serving as international legal counsel to the broker. After this substantial divestment, Singtel's direct and indirect holding in Bharti Airtel now stands at 27.5%.

Impact This news can impact the Indian stock market as it involves a large block sale of shares in a major telecommunications company, potentially affecting Bharti Airtel's stock price and market sentiment. Investors will closely watch how the market absorbs this large supply of shares. Rating: 7/10

Difficult Terms: * **Secondary Sale**: A sale of existing securities from one investor to another, as opposed to a primary sale where a company issues new securities. * **Equity Shares**: Units of ownership in a company that represent a claim on its assets and earnings. * **Aggregating**: Accumulating or forming a total sum. * **Screen-based Trading Platform**: An electronic system used for buying and selling securities on stock exchanges. * **Subsidiary**: A company controlled by a parent company. * **Divestment**: The act of selling off an asset or subsidiary.