trending Market Intelligence /marketintelligence/en/news-insights/trending/swqrtefrtbqf-2oaeaxjlg2 content esgSubNav
In This List

Singtel to spend 26.5B rupees on Bharti Telecom stake hike

Blog

Europe: 5 key OTT trends to watch in 2022

Blog

Broadcast deal market recap 2021

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Singtel to spend 26.5B rupees on Bharti Telecom stake hike

Singtel, via its unit Singtel International Investments, will spend about 26.5 billion Indian rupees to increase its stake in Bharti Telecom Ltd. under a proposed preferential allotment.

Under the deal, Singtel International Investments will buy up to 85,450,000 new equity shares in Bharti Telecom at 310 rupees per share. This means Singtel will get an additional 1.7% holding in Bharti Telecom, thus increasing the Singaporean telco's economic interest in Bharti Airtel by 0.9% to 39.5%.

Deal completion is expected by March, subject to approval by Bharti Telecom's shareholders.

Bharti Telecom is the holding company of Bharti Airtel Ltd. with a 50.1% stake.

As of Feb. 2, US$1 was equivalent to 64.19 Indian rupees.