Bharti Airtel Shares Slip After Singtel’s Block Sale Worth Rs 10,300 Crore

Mumbai – Shares of Bharti Airtel fell nearly 4.5 per cent in intra-day trade on Friday, touching a low of ?2,001, after around 5.1 crore shares changed hands through a block deal window, with Singapore Telecommunications (Singtel) reported to be the seller.

The shares were sold at a floor price of ?2,030 apiece—about a 3.1 per cent discount to Airtel’s previous closing price of ?2,095. According to reports, Singtel offloaded approximately 0.8 per cent of its stake in the telecom giant through the transaction.

Valued at roughly ?10,300 crore, the deal was managed by JP Morgan India, which acted as the sole broker. The investment bank reportedly contacted several institutional investors to build the book for the sale, according to the term sheet.

This marks Singtel’s second stake sale in Bharti Airtel this year. In May, the Singapore-based company sold a 1.2 per cent stake in Airtel for around $2 billion at ?1,814 per share—a move that was followed by a 15 per cent rise in the stock price, which later climbed to ?2,095.

Despite the latest dip, Airtel’s shares have performed strongly this year—rising ?71, or 3.68 per cent, over the past month, and up ?404, or 25.34 per cent, year-to-date.

In its latest quarterly results, Bharti Airtel reported an 89 per cent year-on-year jump in consolidated net profit for Q2 FY26, reaching ?6,791 crore compared to ?3,593 crore in the same period last year. The company’s consolidated revenue grew 25.7 per cent YoY to ?52,145 crore, driven by robust growth in its mobile and data businesses.

With inputs from IANS