# Bharti Airtel stocks on the rise after Singtel Deal

URL: https://technosports.co.in/bharti-airtel-stocks/  
Published: 2022-08-26  
Updated: 2022-08-26  
Author: Nivedita Bangari

According to a filing with the market, Bharti Telecom and Singapore’s Singtel have agreed to buy a 3.33% share in Airtel for $1.6 billion (about Rs. 12,800 crores).

Bharti Telecom, headed by Sunil Mittal, is one of the companies that promote Bharti Airtel. Singtel is a shareholder in the promotional arm as well, though.

![Airtel](https://technosports.co.in/wp-content/uploads/2022/08/5f1d71ea-9eb0-11ea-88a1-96031f43cf2a.webp)
*credit: Bharti Airtel*

While the benchmark Nifty50 index rose 0.4% today (August 25), Airtel’s shares increased by over 1.2% in early trade. In Singapore, Singtel’s home market, shares increased by about 2% as well.

## **For more than 20 years, Singtel has owned a portion of Airtel.**

To narrow its emphasis on its core activities, Singtel has decided to reduce some of its shareholdings in the second-largest telco in India. The company plans to invest the money from this sale in 5G and other home market expansion projects.

With Singtel owning the remaining 49.44% of Bharti Telecom, the Sunil Mittal family owns 50.56% of the company. Before the deal, this promoter arm owned a 35.85% interest in Bharti Airtel.

The Mittals owned a 24.13% interest in Bharti Airtel before the transaction, while Singtel retained a 31.72% share.

![Airtel](https://technosports.co.in/wp-content/uploads/2022/08/gettyimages-479547744-bharti-airtel-1200250822012810-1024x576.webp)
*credit: Bharti Airtel*

Following the transaction, Singtel’s ownership of Bharti Airtel would drop to 29.7%, valued at just under $15.8 billion (or around Rs. 1.26 lakh crore).

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[Source](https://www.businessinsider.in/business/telecom/news/airtels-stock-surges-as-bharti-telecom-says-it-will-acquire-singtels-stake-for-1-6-bn/articleshow/93767761.cms)