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News Topical, Digital Desk : A major block deal in Bharti Airtel has been launched. Singapore Telecom (Singtel) has moved forward with its plan to sell approximately 0.8% of its stake. The total size of this deal is reported to be approximately ₹10,300 crore. This transaction is significant for investors because Singtel has long been one of Airtel's major shareholders.
What is the deal size and details
-Total block deal size: approximately ₹10,300 crore
-Seller: Singtel
-Stake: approximately 0.8% stake
-Shares: Bharti Airtel Ltd.
- Block Deal floor price ₹2030 per share
-This deal could be done through the offer for sale (OFS) route or through a direct block trade. Market experts believe that this selling by Singtel could create sentimental short-term pressure, but it will not have any major impact on the company's fundamentals. "Singtel's stake is very small and its impact on Airtel's business outlook will be negligible," said a fund manager. According to the brokerage house, this deal can be considered positive in terms of increasing liquidity and improving the share float. Singtel has been a major shareholder in Airtel for the last two decades. The company has been making portfolio adjustments from time to time, but it has always maintained that India will remain its strategic market. Previously, Singtel sold small stakes in 2022 and 2023, while its total stake in Airtel (both direct and indirect) is around 29%.
Why is this deal significant? The size of this deal, worth over ₹10,000 crore, makes it one of the largest block deals in recent months. Airtel's business continues to strengthen in 5G, home broadband, and Africa units, which has maintained long-term investor interest. Even though Singtel is selling its 0.8% stake, it will have a positive impact on Airtel's growth story. There will be no impact. The company is continuously expanding in the 5G and digital services segments, and its revenue and margin outlook remains strong in the coming quarters.
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