Bad news for Indian billionaire Sunil Mittal as Bharti Airtel’s shares fall over 4% due to…; market cap declines to Rs…

Bharti Airtel share sale: shares indian billionaire Sunil Mittal’s Bharti Airtel fell on Friday after Singapore’s Singtel sold a large stake in the telecom company. Singtel had sold a 0.8 percent stake in Airtel worth US$1.16 billion as part of the Southeast Asian telecom company’s ongoing asset restructuring strategy, according to Reuters.

Singtel sells stake in Bharti Airtel

Singtel’s unit Pastel sold 51 million shares of Bharti Airtel, India’s second largest telecom operator, at Rs 2,030 per piece; This represents a discount of around 3.1 percent from Airtel’s last close on Thursday. Singtel has been an investor in Bharti Airtel since 2000.

Singtel’s stake in Bharti Airtel

Singtel currently holds a 27.5 per cent stake in Bharti Airtel, up from 31.4 per cent in 2022. The telecom company is gradually reducing its assets to strengthen its balance sheet and increase shareholder returns. This disposal is part of Singtel’s medium-term asset recycling program aimed at financing investments in digital infrastructure and services.

Bharti Airtel shares

Bharti Airtel shares closed 4.46 per cent lower at Rs 2,001.50 on NSE on Friday. Airtel’s market capitalization stands at Rs 11.99 lakh crore as of November 7. Bharti Airtel shares have more than quadrupled in value since the end of 2019 on the back of strong earnings growth and higher average revenue per user, allowing Singtel to realize gains on its long-held investment.

Net Worth of Sunil Mittal

According to Forbes, Mittal’s real-time net worth as of November 8 is US$14.3 billion.

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Bharti Airtel Q2 Results

Bharti Airtel, in a recent stock exchange filing, said its consolidated net profit rose 2x to 8.651 billion rupees in the second quarter of FY26. The company made a profit of 4,153.4 billion rupees in the same period last year. Airtel’s EBITDA increased by 35.9 percent year-on-year to 29,919 billion rupees in the second quarter of 2026, while the EBITDA margin stood at 57.4 percent compared to 53.1 percent year-on-year.