Singtel likely to sell stake worth Rs 8,500 crore in Bharti Airtel via block deal: Report

Synopsis

Singtel plans to offload nearly 5 crore Bharti Airtel shares via block deals worth ₹8,500 crore at a 3.6% discount. Bharti Airtel recently reported a 432% YoY jump in Q4FY25 net profit to ₹11,022 crore.

Singapore Telecommunications Limited (Singtel) is likely to sell nearly 5 crore shares in Indian telecom major Bharti Airtel via block deals with the deal size estimated at Rs 8,500 crore ($1 billion).

The floor price is likely set at Rs 1,800 per share which is a 3.6% discount from the current market price, CNBC-TV18 reported, citing sources.

Singtel currently owns 9.49% stake representing over 57.82 crore shares in Bharti Airtel via its arm Pastel Ltd.

Bharti Airtel shares today ended at Rs 1,863 on the NSE, gaining by Rs 28.90 or 1.5%.

Bharti Telecom Limited is the largest promoter entity with a stake of 40.47%. Indian Continent Investment Limited is another promoter group which holds 2.47% in the company.

Bharti Airtel posted a strong set of numbers in Q4FY25, delivering a growth of 432% YoY in its net profit at Rs 11,022 crore in the fourth quarter. The company, however, said profit adjusted for exceptional items rose 77% YoY to Rs 5,223 crore.

Bharti Airtel posted strong growth of 432% YoY in its net profit at Rs 11,022 crore in the fourth quarter. The company, however, said profit adjusted for exceptional items rose 77% YoY to Rs 5,223 crore.

During the quarter, India revenues rose 29% YoY to Rs 36,735 crore, while mobile revenues increased 21% YoY led by tariff repair and premiumization of the portfolio.

ARPU for the quarter stood at Rs 245 as compared to Rs 209 in Q4FY24.

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