Bharti Airtel Block Deal: Singtel to Divest 0.8% Stake Worth ₹10,300 Crore

Bharti Airtel shares may witness a major block deal soon, as promoter entity Pastel Ltd, a wholly owned subsidiary of Singapore Telecommunications Ltd (Singtel), is reportedly planning to sell a 0.8% stake in the telecom major for around ₹10,300 crore, as per a news report by CNBC-TV18 on November 6. The floor price for the deal has been set at ₹2,030 per share, representing a discount of about 3.5% to the current market price. 

As per CNBC-Awaaz, the transaction will involve the sale of 5.1 crore shares, with JPMorgan acting as the broker. On November 6, Bharti Airtel’s stock closed 0.9% lower at ₹2,095 per share on the NSE. 

Previous Stake Sale by Singtel

Earlier in May, Singtel had divested approximately 1.2% of its direct stake in Bharti Airtel for about S$2 billion (roughly $1.5 billion) as part of its active capital management strategy to optimise its portfolio and enhance long-term shareholder returns. That transaction was executed through a private placement to international and Indian institutional investors, including existing Airtel shareholders.

Bharti Airtel Q2FY26 Earnings Highlights

Bharti Airtel reported consolidated revenues of ₹52,145 crore for the quarter, marking a strong 25.7% year-on-year and 5.4% sequential growth, driven by solid performances across both India and Africa operations. The India business contributed ₹38,690 crore, up 22.6% YoY and 2.9% QoQ, reflecting continued premiumization in the Mobile segment, sustained growth in the Homes business, and improved performance in Airtel Business. 

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The India Mobile division recorded a 13.2% YoY revenue rise, supported by higher ARPU and steady growth in smartphone data customers. The Homes business maintained its strong momentum with a 30.2% YoY revenue increase and record net additions of 951,000 customers in Q2 FY26, fueled by network expansion and wider Wi-Fi coverage. Meanwhile, Airtel Business delivered a robust 4.3% sequential revenue growth, driven by broad-based improvement across its enterprise solutions portfolio.

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