Other Deals

Bharti Group: Singtel in talks to sell 2-4% stake to Mittal Family


Singapore Telecommunications Ltd (Singtel) is in talks with Bharti Airtel chairman Sunil Mittal to sell about 2-4% equity stake in Bharti Airtel. Singtel will be able to generate close to INR 7,500 crore on sale of its 2% stake, going by current market capitalisation values. Singtel and the Mittal family are shareholders in Bharti Airtel's promoter company Bharti Telecom. Singtel holds a 49.44% stake in Bharti Telecom. which in turn Bharti Telecom holds a 35.85% in Bharti Airtel.

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