Singtel Plans to Sell Stake in Bharti Airtel Worth Rs 10,300 Crore

Singapore Telecommunications Limited (Singtel) is preparing to sell approximately 0.8% of its stake in the Indian telecommunications company Bharti Airtel Limited. The transaction is projected to be valued at Rs 10,300 crore (approximately £1 billion), with a floor price set at Rs 2,030 per share, which reflects a 3.1% discount compared to the company's current market price.

According to sources familiar with the matter, the sale could be executed either through an offer-for-sale method or as a direct block trade. This move follows a previous stake sale by Indian Continent Investment, a promoter entity of Bharti Airtel, which sold around 1% of its shares in August 2025 for approximately Rs 11,200 crore.

The earlier stake sale was met with significant demand from a range of domestic and global long-term investors, including both existing and new shareholders. The proceeds from that transaction were intended to bolster the promoter's balance sheet and ensure a prudent level of debt.

In a related report from CNBC-TV18, it was noted that an earlier block deal on August 7 proposed to offload 0.8% equity for around Rs 9,310 crore, with a floor price of Rs 1,862 per share.

As of the end of June 2025, Bharti Telecom held a substantial 40.47% stake in Bharti Airtel, while Indian Continent Investment and Pastel owned 2.47% and 8.32%, respectively.

Bharti Airtel has recently reported its financial results for the second quarter of the fiscal year, revealing a consolidated net profit of Rs 6,791 crore for the period from July to September. This figure represents a 14.2% increase from the previous quarter's profit of Rs 5,948 crore and surpassed analysts’ expectations, which had estimated a profit of Rs 6,600 crore.

The company's revenue also saw an impressive rise, climbing 5.4% sequentially to reach Rs 52,145 crore, up from Rs 49,462 crore, thereby exceeding market expectations of Rs 51,006 crore. This robust performance underscores the growing demand for telecommunications services in India.

As the telecommunications landscape in India continues to evolve, the potential sale by Singtel reflects ongoing strategic adjustments by major stakeholders in the industry. The outcome of this block deal will be closely monitored by market participants and investors alike.