Bharti Airtel Shares Fall 4% as Singtel Plans Rs 10,300 Cr Stake Sale; JP Morgan India Named Sole Bookrunner

Bharti Airtel Ltd shares fell sharply for the second consecutive session on Friday, 7 November 2025 following reports that Singapore Telecommunications Ltd (Singtel) is set to offload a small portion of its stake in the telecom major through a large block deal on the Indian stock exchanges.

Bharti Airtel Share Price Today

Shares of Bharti Airtel Ltd witnessed a sharp decline on Friday, falling 4.25% to trade at Rs 2,005.90 as of 9:59 am. The stock opened at Rs 2,048.00 and touched an intraday high of Rs 2,048.00, before slipping to a low of Rs 2,003.80 amid heavy selling pressure following reports of a major block deal by Singtel.

Bharti Airtel's current levels are notably below its 52-week high of Rs 2,135.60, though still well above its 52-week low of Rs 1,511.00, reflecting strong overall gains over the past year despite the recent correction.

The stock saw higher-than-usual trading activity, clocking nearly 2.2 times its average 30-day trading volume, according to Bloomberg data. Despite the short-term correction, the counter has been a strong performer in 2025, gaining 27.5% year-to-date, significantly outperforming the Nifty 50, which has advanced 7.1% during the same period.

Bharti Airtel Block Deal: Singtel to Sell 0.8% Stake Worth Rs 10,300 Crore

According to block deal details, Singtel's subsidiary, Pastel Ltd will sell approximately 5.1 crore shares, representing about 0.8% of Bharti Airtel's equity, in a transaction valued at around Rs 10,300 crore. The sale is being executed at a floor price of Rs 2,030 per share, reflecting a 3.1% discount to Bharti Airtel's previous closing price of Rs 2,094.60 on Thursday on the BSE.

The stake sale is part of Singtel's ongoing capital management and portfolio optimisation strategy, which aims to unlock value from its long-held investments and redeploy funds into its core digital and regional growth businesses.

JP Morgan India Appointed Sole Bookrunner for Singtel's Airtel Stake Sale

JP Morgan India has been appointed as the sole bookrunner for the current block deal, according to reports.

Over the years, the Singapore-based telecom group has gradually pared its holding in Bharti Airtel. In May 2025, Singtel sold a 1.2% direct stake in the company for about Rs 12,400 crore (approximately S$2 billion) through a private placement to a mix of global and Indian institutional investors. Between 2022 and 2024, the group also raised around S$3.5 billion through earlier stake sales, reflecting a consistent strategy to rebalance its portfolio.