Bharti Airtel’s share price declined 2.9% to an intra-day low of Rs 1,812.50 on the National Stock Exchange. According to media reports, Singapore Telecommunications, better known as Singtel, is likely to sell almost 5 crore shares or 0.8% of the telecom major via block deals through its arm, Pastel. The transaction size is estimated to be around Rs 8,500 crore ($1 billion), reported CNBC-TV18, citing sources.
The expected floor price of the deal is Rs 1,800 per share, representing approximately a 3.6% discount from Bharti Airtel’s Thursday closing price.
Currently, Singtel holds a stake of 9.49% in Bharti Airtel, equal to more than 57.82 crore shares, through its investment arm, Pastel.
In Bharti Airtel, Bharti Telecom remains the largest promoter entity, possessing a stake of 40.47%. Another promoter group, Indian Continent Investment, has a 2.47% stake in the company.
Bharti Airtel Q4 performance
Bharti Airtel’s net profit in Q$ FY25 jumped more than fivefold year-on-year to Rs 11,022 crore. However, if the net profit is adjusted for exceptional items, then it rose 77% YoY to Rs 5,223 crore. Its revenue from operations increased by 27% YoY to Rs 47,876 crore, owing to strong underlying momentum in India, rebound in reported currency revenue growth in Africa, and full quarter impact of Indus Towers consolidation.
Also, the board of the company has recommended a final dividend of Rs 16 per equity share for FY25.
Bharti Airtel stock performance
The share price of Bharti Airtel has fallen 1.22% in the last five trading sessions. The stock has risen 0.6% in the past one month and 19% in the previous six months. The stock has given a return of 36% in the last one year.
To compare, the benchmark index, Nifty 50 has risen 4% in the last five trading days. The index has surged by 7% in the past one month and 6.87% in the previous six months. It has raised investors’ wealth by 12% in the previous one year.
