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Singtel invests Rs 2,649 cr in Bharti Telecom

IANS  |  New Delhi 

on Tuesday said (Singtel) has invested Rs 2,649 crore in Bharti Telecom, the promoter company of Airtel.

As per the deal, shares have been allotted to Singapore International Investments Private Ltd, an affiliate of Singtel, said in regulatory filing to the

This transaction concludes the investment process that had announced on February 5.

With this investment, "Singtel's total stake (along with its affiliates) in has increased to 48.90 per cent," the filing said, adding that, continues to hold over 50 per cent stake in the company.

Previously, held 47.17 per cent in

This investment comes after two years of Singtel's participation in Bharti Telecom's Right Issue of Rs 2,500 crore, which was completed in February 2016.--IANS


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 13 2018. 15:26 IST