Singtel plans to sell 0.8% stake in Bharti Airtel
after close1 source ↓written by the desknot a recommendation
- to sell
- 0.8% stake
- ₹10,300 cr
- is set
- ₹2,030 per share
- to the current
- 3.5% discount
- shares closed
- ₹2,095
A block deal is anticipated as Singtel's subsidiary, Pastel Ltd, plans to sell a 0.8% stake in Bharti Airtel for ₹10,300 cr. The floor price is set at ₹2,030 per share, reflecting a 3.5% discount to the current market price. This move may impact trading sentiment as shares closed at ₹2,095, down 0.9% on November 6.
Not investment advice. For informational purposes only.