Mumbai, Nov. 7 -- According to reports, Pastel, a subsidiary of Singapore Telecommunications (Singtel), sold about 0.8% stake in the telecom major through a transaction valued at around Rs 10,300 crore.

The floor price for the deal was set at Rs 2,030 per share, representing a 3.1% discount to Airtel's Thursday closing price of Rs 2,094.60 on the BSE. Pastel offloaded approximately 5.1 crore shares of Bharti Airtel.

The stake sale is part of Singtel's capital management strategy aimed at optimising its portfolio and enhancing shareholder returns.

This marks Singtel's second major divestment in Airtel this year. In May 2025, the company had sold a 1.2% direct stake in Airtel for S$2 billion (around $1.5 billion) through a private placem...