India's Bharti Airtel dips on report of Singtel offering to sell $1.18 bln stake

Shares of Indian telco Bharti Airtel BRTI.NS drop 4.1% to 1,515.3 rupees, set to log worst session since February

A unit of Singapore Telecommunications STEL.SI offered to sell shares in BRTI in a deal that could net about 103.5 billion rupees ($1.18 billion), Bloomberg News reported on Thursday

Sale of 51 mln shares or a 0.8% stake in BRTI at a floor price of 2,030 rupees - report, reflecting a 3.1% discount on BRTI's Thursday's close

BRTI and STEL did not respond to a Reuters request for comment

55.1 million shares traded in BRTI in 50 block deals in the range of 2008.3 rupees to 2048 rupees - data from LSEG showed, as of 9:54 a.m. IST

BRTI turns YTD negative, down ~5% so far in 2025

($1 = 87.8950 Indian rupees)