Bharti Airtel Singtel

More than 55 million shares of Bharti Airtel were traded through block deals, according to data from LSEG

About 51.3 million shares, or 0.9 per cent stake, of Bharti Airtel changed hands for about ₹10,450 crore in two block trades on NSE

Reduces overall stake to 28.3 per cent by selling 71 million shares through Pastel Ltd at a 2.85 per cent discount to Airtel's previous closing price

The Singapore-based telco currently holds a 29.5 per cent cumulative stake in Bharti Airtel through direct and indirect shareholding in promoter entities

Exceptional items, like the divestment of a 3.3% stake in Airtel for SGD 2.25 billion in August last year, boosted net profit by SGD 172 million

Transaction to cost around Rs 12,900 crore; family currently owns 24.13% stake in Airtel

Singtel seeks to unlock value of regional associate companies

The stock up 4% to Rs 439 on BSE after the company announced that Singtel will invest Rs 26.49 billion in Bharti Telecom through preferential allotment of shares