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Singtel to subscribe to Airtel's rights issue in India

Thursday 23 September 2021 | 07:38 CET | News
Singapore operator Singtel has announced plans to subscribe to Indian operator Airtel's rights issue at an issue price of INR 535 per share for a total consideration of up to INR 29.4 billion (USD 405 million) over a period of up to three years. This represents Singtel's full rights entitlement for its direct stake of 14 percent. Upon closing of the rights issue, Singtel will continue to be Airtel's single largest shareholder.

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Categories: Mobile & Wireless
Companies: Airtel / SingTel
Countries: India
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