Bharti Airtel shares decline after Singtel block sale
pre-market1 source ↓written by the desknot a recommendation
- in intra-day trading
- 4.48%
- block deal involving
- 5.1 crore shares
- of its stake
- 0.8%
- to the previous
- 3.1% discount
- valued at approximately
- ₹10,300 cr
The stock of Bharti Airtel fell 4.48% in intra-day trading, hitting a low of ₹2,001, following a block deal involving 5.1 crore shares. Singapore Telecommunications (Singtel) is reportedly the seller, offloading 0.8% of its stake at a floor price of ₹2,030, a 3.1% discount to the previous close. This transaction is valued at approximately ₹10,300 cr.
Not investment advice. For informational purposes only.