New Delhi: In a major market development, more than 51 million shares of India’s telecom giant Bharti Airtel were exchanged through multiple block deals on Friday, according to data released by LSEG. The massive trade reflects one of the largest single-day share transfers in recent months and has drawn widespread attention across the financial sector.
The transaction comes as Singapore Telecommunications Limited (SingTel), a long-time strategic investor in Bharti Airtel, offloaded a 0.8 percent stake in the company. The deal was valued at approximately S$1.5 billion or US$1.16 billion, underscoring the scale of the transaction. The shares were sold at around ₹2,030 per share, which represented a discount of about three percent compared to the previous day’s closing price.
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