The shares represent approximately 3.3% of the total number of shares in Bharti Airtel.
Singapore Telecommunications (Singtel) will be selling 198 million shares it owns in Bharti Airtel to Bharti Telecom for a consideration of $2.25 billion.
The telco’s indirect wholly-owned subsidiaries Pastel Limited and Viridian Limited entered into a share purchase agreement (SPA) with Bharti Telecom on Aug 25.
