Bharti Airtel saw 1.3 percent equity stake being sold in large deals on Friday. As many as 3.1 crore shares changed hands at an average price of Rs 1,820 per share, implying a discount of 2.5 percent to the stock’s closing price on Thursday, reported CNBC-TV18.
Singapore-based Singtel pared its stake in the telecom giant through its investment arm, Pastel.
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As of the March quarter, Pastel held a 9.49 percent stake in Bharti Airtel.
Singtel said it sold approximately 1.2 percent of its direct stake $2 billion to optimise its asset portfolio and drive shareholder returns sustainably. The transaction was executed via a private placement to international and Indian institutional investors, including existing shareholders of Airtel.
Arthur Lang, Singtel’s Group Chief Financial Officer, said, "This transaction allows us to crystalise value at an attractive valuation while remaining a significant shareholder of Airtel. We are pleased to welcome new like-minded investors who share our conviction in Airtel’s strong growth potential as India pursues its vision of achieving a US$1 trillion digital economy. This will further strengthen Airtel’s shareholder base so that we can collectively support its long-term growth."
He added, "The divestment underscores Singtel’s commitment to disciplined capital allocation and sustained value realisation for shareholders. This is a key tenet of our Singtel28 growth plan, where we’ve identified active capital management and the financial flexibility it brings, as integral to funding growth initiatives while supporting capital returns."
After this transaction, Singtel will hold 28.3 percent stake in Airtel, valued at an estimated S$48 billion, and generate an estimated gain of S$1.4 billion.
The telecom major reported a 432 percent jump in consolidated net profit to Rs 11,022 crore for the quarter ended March 31, 2025, on May 13. It reported consolidated net profit of Rs 2,072 crore in the year-ago period. The firm announced a final dividend of Rs 16 per share for FY25. Airtel's consolidated revenue rose 27 percent to Rs 47,876 crore in Q4FY25.
The firm's mobile ARPU (average revenue per user) increased to Rs 245 in Q4FY25 versus Rs 209 in Q4FY24 and remained unchanged compared to Q3FY25. The telco claimed its market share in the smartphone segment continued to improve, with the addition of 24 million, an increase of 9.5 percent YoY.
During the quarter, Airtel installed approximately 3.3k additional towers and 13.6k mobile broadband stations to expand the network footprint and enhance customer experience nationwide.
Shares of Bharti Airtel Ltd settled lower at Rs 1,814.4 per share on the NSE, down 2.8 percent.
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