CURRENT AFFAIRS

Detailed explanation-1: -Singapore Telecommunications (Singtel) has sold around 1.6% stake in Bharti Airtel to Bharti Telecom Ltd (BTL), a key promoter company, through a block deal on Thursday for ₹7, 262 crore.

Detailed explanation-2: -Singtel at present holds a 50.56 per cent stake in Bharti Telecom and the Mittal family holds 49.44 per cent. Bharti Telecom at present holds a 35.85 per cent stake in the country’s second-largest telecom service provider Bharti Airtel.

Detailed explanation-3: -Kolkata: Singapore Telecommunications Ltd (Singtel) has concluded its planned sale of a 3.33% stake in Bharti Airtel for around $1.76 billion (about Rs 14, 400 crore).

Detailed explanation-4: -In early September, Singtel entities had jointly sold a 1.76 per cent stake in Bharti Airtel for about Rs 7, 128 crore, while its co-promoter Bharti Telecom Ltd bought 1.63 per cent stake from Pastel for Rs 6, 602 crore.

Detailed explanation-5: -Pastel Ltd, an entity of Singtel, on Thursday divested 1.59 per cent stake in Bharti Airtel for ₹ 7, 261 crore through an open market transaction.