Singtel to sell 3.3% stake in Bharti Airtel for $1.6 billion
#1

Aug 25 (Reuters) - Singapore Telecommunications Ltd said on Thursday it would sell a 3.3% stake in India's Bharti Airtel Ltd to Bharti Telecom Ltd for an aggregate consideration of about S$2.25 billion ($1.61 billion).

Singtel, southeast Asia's largest telecom firm, said its units Pastel Ltd and Viridian Ltd would together sell 198 million shares they hold in India's second-biggest telecom operator.

The stake sale comes at a time when Singtel trims down its portfolio to sharpen focus on core businesses.

https://sg.finance.yahoo.com/news/1-sing...33899.html

Laughing
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#2

They should distribute some to shareholders to add value. 

GCT used to praise sky high this stock...many citizens bought into it...
Sadly,  the stock price is so dead.

Sigh 😕
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#3

.
GIC also holds 4% of Bh Airtel, the right left unsubscribe by Singtel.
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#4

(25-08-2022, 01:09 PM)Scythian Wrote:  .
GIC also holds 4% of Bh Airtel, the right left unsubscribe by Singtel.

Telstra also lah
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#5

sure drop and stupid investment. 
ceca people leh. when do business with them , either U must be darker than them or either U are a snake.
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