Bharti Telecom plans to raise ₹7,000 cr via bonds; Airtel shares down 2%
The telecom company is looking to raise the fund through shorter-tenor bonds in three tranches and has invited bids from investors on November 18.
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November 2022
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Singtel offloads 1.5% stake in Airtel for ₹7,262 cr
Airtel shares were down 0.6%; stake sale decision by Singtel is part of its plan to raise over S$2 billion to meet needs for 5G and expansion initiatives.
Bharti Airtel stock jump 3% on Singtel stake sale
Singtel has sold a 1.76% stake in Bharti Airtel for an aggregate amount of ₹6,399 crore, which was mostly acquired by Bharti Telecom, a promoter entity of the Indian telco.
Bharti Telecom to buy 3.3% stake in Airtel from Singtel for ₹12,895 cr
The stake buy strengthens the Bharti family's shareholding in Airtel; now the direct shareholding of Singtel and the Bharti family in Airtel will stand at 10% and 6%, respectively
