142 views
Logo from Singtel

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

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!