{"id":21025,"date":"2018-02-05T12:15:38","date_gmt":"2018-02-05T12:15:38","guid":{"rendered":"http:\/\/punjabnews24.com\/?p=21025"},"modified":"2018-02-05T12:15:38","modified_gmt":"2018-02-05T12:15:38","slug":"singtel-to-invest-rs-2649-cr-in-bharti-telecom","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/singtel-to-invest-rs-2649-cr-in-bharti-telecom\/","title":{"rendered":"Singtel to invest Rs 2,649 cr in Bharti Telecom"},"content":{"rendered":"<p>New Delhi,<br \/>\nSingapore-based telecom operator Singtel will invest Rs 2,649 crore in Bharti Telecom, increasing its stake in the Indian telecom major to 48.9 per cent.<\/p>\n<p>\u201cAirtel Limited&#8230;announced that Singapore Telecommunications Limited (Singtel)&#8230; will invest Rs 2,649 crore in Bharti Telecom Limited (Bharti Telecom), the promoter company of Airtel through preferential allotment of shares,\u201d Bharti Airtel said in a statement.<\/p>\n<p>The transaction is subject to the shareholders\u2019 approval of Bharti Telecom and the funds raised will be used towards debt reduction, it added.<\/p>\n<p>\u201cWith this investment, Singtel\u2019s total stake (along with its affiliates) in Bharti Telecom will increase to 48.90 per cent,\u201d the statement said.<\/p>\n<p>Singtel currently holds 47.17 per cent stake in Bharti Telecom while Bharti Enterprises continues to hold over 50 per cent stake in Bharti Telecom, it said.<\/p>\n<p>The investment comes within 23 months of Singtel\u2019s participation in Bharti Telecom\u2019s Right Issue of Rs 2,500 crore, which was completed in February 2016.<\/p>\n<p>\u201cAirtel shares a nearly two-decade-long relationship with Singtel, which has only become stronger over the years.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>New Delhi, Singapore-based telecom operator Singtel will invest Rs 2,649 crore in Bharti Telecom, increasing its stake in the Indian telecom major to 48.9 per cent. \u201cAirtel Limited&#8230;announced that Singapore Telecommunications Limited (Singtel)&#8230; will invest Rs 2,649 crore in Bharti Telecom Limited (Bharti Telecom), the promoter company of Airtel through preferential allotment of shares,\u201d Bharti [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":21026,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-21025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/21025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=21025"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/21025\/revisions"}],"predecessor-version":[{"id":21027,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/21025\/revisions\/21027"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/21026"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=21025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=21025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=21025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}