Singtel arm to sell 0.8% in Airtel for 10.5k crore
Mumbai: Pastel Ltd, an investment arm of Singtel of Singapore that holds 8.3% stake in telecom services major Bharti Airtel, has mandated JP Morgan India to sell 0.8% stake in the company for at least Rs 10,350 crore (about $1.2 billion) through block deals on Friday.According to the deal’s term sheet , the Singtel arm…