Singtel divests 0.8% direct stake in Airtel, gaining $0.95b

After the divestment, Singtel’s effective stake in Airtel will be 29.0%.

Singtel raised $0.95b from its divestment of a 0.8% direct stake in Airtel to GQG Partners, a US-based investment firm.

After the divestment, Singtel will have an effective stake in Airtel of 29.0%, estimated to be worth $33b.

In 2022, Singtel sold a 3.3% direct stake in Airtel for $2.54b.

In a bourse filing, Singtel said the divestment is part of its capital recycling efforts to unlock value from its assets.

The latest divestment brings Singtel’s total capital recycled to $8b since 2021.

From capital recycling, Singtel has been able to return $0.8b in special dividends to shareholders from capital recycling.

Follow the link for more news on

Singtel

divestment

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia