Singtel to invest over â¹2,600 crore in Airtel's parent firm
Singapore Telecommunications (Singtel) has said it will invest â¹2,649 crore in Airtel's holding company Bharti Telecom. With the investment, Singtel's total stake in the firm will increase to 48.9% from 47.17% while Bharti Enterprises will continue to hold over 50% in Bharti Telecom. Airtel said the fresh round of investment from Singtel highlights its confidence in the Indian telecom sector.