Bharti Telecom Acquires 1.35% Stake In Bharti Airtel, What About Singtel?

Bharti Telecom, a key player in the Indian telecom sector, has made a substantial investment in Bharti Airtel, marking a notable shift in its stakeholding. Bharti Telecom, the promoter firm of Bharti Airtel, has recently acquired an additional 1.35% stake in Bharti Airtel. 

This investment was made through an open market transaction and amounted to a whopping of ₹8,301 crore. With this latest move, Bharti Telecom’s direct stake in Bharti Airtel has increased significantly.

Bharti Telecom’s latest move to buy an additional 1.35% stake in Bharti Airtel for Rs 8,301 crore is a significant development in the telecom sector. 

It not only increases Bharti Telecom’s direct stake in Bharti Airtel to 39.7% but also reinforces the strategic partnership between the Sunil Bharti Mittal family and Singapore-based Singtel.

Before this transaction, Bharti Telecom held a 38.35% stake in Bharti Airtel. This percentage is crucial as it represents the company’s influence and control over Bharti Airtel’s operations and decision-making. 

With the new acquisition, their stake has now increased to 39.7%. This increase in stake signifies a strengthening of Bharti Telecom’s hold in the company.

But who exactly is behind Bharti Telecom? This company is co-owned by the Sunil Bharti Mittal family and Singapore-based Singtel. The Mittal family is a well-known name in the Indian business landscape, with Sunil Mittal being a prominent figure. Singtel, on the other hand, represents international interest and partnership in Bharti Telecom.

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Speaking of Singtel, their stake in Bharti Telecom is noteworthy. As of September 30, 2022, Singapore-based Singtel held a 50.56% stake in Bharti Telecom, while the Mittal family owned the remaining 49.44%. This partnership between the Mittal family and Singtel is a strategic alliance that has been pivotal in Bharti Telecom’s operations and growth.