India's Bharti Airtel dips on report of Singtel offering to sell $1.18 bln stake

Bharti Airtel

07/11/2025 04:36

**  Shares of Indian telco Bharti Airtel  BRTI.NS drop 4.1% to 1,515.3 rupees, set to log worst session since February

** A unit of Singapore Telecommunications  STEL.SI offered to sell shares in BRTI in a deal that could net about 103.5 billion rupees ($1.18 billion), Bloomberg News reported on Thursday

** Sale of 51 mln shares or a 0.8% stake in BRTI at a floor price of 2,030 rupees - report, reflecting a 3.1% discount on BRTI's Thursday's close

** BRTI and STEL did not respond to a Reuters request for comment

** 55.1 million shares traded in BRTI in 50 block deals in the range of 2008.3 rupees to 2048 rupees - data from LSEG showed, as of 9:54 a.m. IST

** BRTI turns YTD negative, down ~5% so far in 2025

($1 = 87.8950 Indian rupees)

 (Reporting by Manvi Pant)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))