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$Singtel (Z74.SG)$ Nice decision by Singtel [Cheers][Cheers]...
Nice decision by Singtel ![]()
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SINGTEL has sold 49 million of its shares in Bharti Airtel, amounting to a 0.8 % stake in its Indian associate, for 1,193.70 rupees per share to US-based investment firm GQG Partners.
The gross proceeds of about S$950 million.
It expects to net a gain of about S$700 million from the transaction.
It expects to net a gain of about S$700 million from the transaction.
Following completion of the sale, Singtel’s effective stake in Airtel will decrease to 29 % from 29.8%
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