Besides Singtel, the other offerors are the Gulf Energy Development Public Company, Intouch Holdings Public Company and Sarath Ratanavadi, who controls Gulf and Intouch.
Singtel is joining a group of fellow Advanced Info Service shareholders to offer 211.43 baht each for the remaining 36.25% shares in the Thai telco they do not already own.
Singtel's portion of the offer is for 297.4 million shares or 10% of AIS. If the offer is fully taken up it will cost Singtel around 62.9 billion baht, or $2.5 billion.
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