Singapore Telecommunications Ltd's (Singtel) subsidiary, Pastel Ltd, is set to offload about 0.8 per cent stake in through a block deal valued at Rs 10,300 crore. The floor price for the transaction has been fixed at Rs 2,030 per share, reflecting a 3.08 per cent discount to Airtel's Thursday closing price of Rs 2,094.60 on BSE. Advertisement

According to deal details, Pastel will sell around 5.1 crore shares of the telecom major, with JPMorgan acting as the broker for the block deal. The move comes as part of Singtel's ongoing capital management strategy aimed at optimising its portfolio and enhancing shareholder returns.

Earlier in May 2025, Singtel sold a 1.2 per cent direct stake in Airtel for S$2 billion (around $1.5 billion) through a private placement to international and Indian

See Full Page