TT&A, Mayer Brown act on $1.1 billion Bharti Airtel stake sale

Pastel Limited, a wholly-owned subsidiary of Singtel, has made a secondary sale of up to 51,000,000 equity shares aggregating up to ₹10,300 crore (US$1.1 billion) in Bharti Airtel Limited by way of share sales on the screen-based trading platform of the BSE Limited and the National Stock Exchange of India Limited.

TT&A advised J.P. Morgan India Private Limited, the broker, on this share sale.

The transaction team consisted of Abhinav Kumar (Partner) and Indira Satish (Senior Associate).

Mayer Brown Hong Kong LLP served as the international legal counsel to the broker.

Earlier this year, Singtel had made another stake sale in Bharti Airtel.

The Company now holds a 27.5% stake in Bharti Airtel.

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