SingTel to sell 47.6 million Bharti Airtel shares in a block deal worth Rs 85.68 billion

Bharti Airtel is reportedly set for a major block deal with promoter entity Pastel, an indirect wholly owned subsidiary of Singapore Telecommunications (SingTel), planning to sell around 47.6 million shares which equates to 0.8 per cent stake.

The shares will be offered at a floor price of Rs 1,800 apiece, valuing the secondary sale at approximately Rs 85.68 billion. JP Morgan is acting as the sole placement agent for the transaction.

Further, as of March 31, 2025, Pastel held a 9.49 per cent stake in Bharti Airtel, while total promoter shareholding stood at 52.43 per cent. SingTel is also a shareholder in Bharti Telecom, the promoter company of Bharti Airtel.