Singtel divested a 1.2% stake in Bharti Airtel for approximately ₹13,180 crore through a private placement, yielding a gain of ₹9,224 crore. The sale, part of Singtel’s capital management, saw strong interest from global and Indian institutional investors. Following the transaction, Singtel’s effective holding in Airtel will decrease to 28.3%.
Market movement to be limited in coming quarter; be neutral on pharma: Amit Khurana
Amit Khurana of Dolat Capital anticipates limited market movement in the coming quarter due to headwinds, suggesting a cooling period before renewed buying. Upside potential