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Singtel increases stake in Bharti Airtel to 39.5%

Samantha Chiew Published on Mon, Feb 05, 2018 / 11:41 AM GMT+8

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SINGAPORE (Feb 5): Singtel has increased its effective stake in Bharti Airtel by 0.9 percentage points to 39.5%.

This comes after wholly-owned subsidiary, Singtel International Investments, acquired a 1.7% stake in Bharti Telecom for INR26.5 billion ($555.6 million) to 48.9%.

Singtel International will be subscribing to new shares in Bharti Telecom under a proposed preferential allotment.

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