Bharti Telecom to buy 3.3% stake in Airtel from Singtel for $1.6 Billion

Bharti Airtel's promoter holding entity Bharti Telecom is acquiring a 3.3 % stake from Singapore-based Singtel for around USD 1.6 Billion (INR 12,895 crore). The Mittal family's effective holding in Bharti Airtel, which currently stands at 23.88 %, will increase to 25.56 %, while Singtel's stake will reduce to 29.7 % from 31.38 %.