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Singtel trims Airtel stake in rights deal

Annabeth Leow

Published Thu, Mar 7, 2019 · 09:50 PM

Singapore

MAINBOARD-LISTED Singtel will subscribe in part to Indian associate telco Bharti Airtel's rights issue, it confirmed in a statement on Thursday.

But a renunciation in favour of Singapore sovereign wealth fund GIC will see Singtel's effective stake - which it upped to 39.5 per cent last year - cut to 35.2 per cent, assuming full subscription for the rights.

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Bharti Airtel

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Companies & Markets

Companies & Markets

Singtel trims Airtel stake in rights deal

Annabeth Leow

KEYWORDS IN THIS ARTICLE

Companies & Markets

Snap beats first-quarter expectations, shares jump 25%

Google parent announces first-ever dividend; beats on sales, profit; shares soar

Baltimore’s trapped ships start leaving as new channel opens

S&P slashes Boeing credit outlook as rating hovers above junk status

Honda to spend US$11 billion on EV strategy in Canada

GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology

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