Bharti Airtel shares fell sharply in early trade on Friday after reports that Singapore Telecommunications Ltd (Singtel) is set to sell a portion of its stake in the telecom major through a large block deal.
At 9:29 am, Bharti Airtel shares were down 3.66% at Rs 2,018 on the Bombay Stock Exchange (BSE), with heavy volumes recorded in the opening minutes of trade. The decline came even as broader market sentiment remained weak.
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SINGTEL TO SELL 0.8% STAKE IN AIRTEL
According to deal details, Singtel’s subsidiary, Pastel Ltd, will offload about 5.1 crore shares—rou
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