Singapore Telecommunications Limited (Singtel) is likely to sell nearly 5 crore shares in Indian telecom major Bharti Airtel via block deals with the deal size estimated at Rs 8,500 crore ($1 billion).The floor price is likely set at Rs 1,800 per share which is a 3.6% discount from the current market price, CNBC-TV18 reported, citing sources. Singtel currently owns 9.49% stake representing over 57.82 crore shares in Bharti Airtel via its arm Pastel Ltd.Bharti Airtel shares today ended at Rs 1,863 on the NSE, gaining by Rs 28.90 or 1.5%. Bharti Telecom Limited is the largest promoter entity with a stake of 40.47%. Indian Continent Investment Limited is another promoter group which holds 2.47% in the company.Bharti Airtel posted a strong set of numbers in Q4FY25, delivering a growth of 432% YoY in its net profit at Rs 11,022 crore in the fourth quarter. The company, however, said profit adjusted for exceptional items rose 77% YoY to Rs 5,223 crore.Bharti Airtel posted strong growth of 432% YoY in its net profit at Rs 11,022 crore in the fourth quarter. The company, however, said profit adjusted for exceptional items rose 77% YoY to Rs 5,223 crore.During the quarter, India revenues rose 29% YoY to Rs 36,735 crore, while mobile revenues increased 21% YoY led by tariff repair and premiumization of the portfolio.ARPU for the quarter stood at Rs 245 as compared to Rs 209 in Q4FY24.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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