The floor price for the deal is likely set at Rs 1,800 per share, a discount of about 3.6% from the stock’s current market price.
Singtel currently holds a 9.49% stake in Bharti Airtel, amounting to over 57.82 crore shares through its investment arm, Pastel Ltd.
Bharti Telecom Limited is the largest promoter entity with a stake of 40.47%. Indian Continent Investment Limited is another promoter group which holds 2.47% in the company.
Bharti Airtel posted a strong set of numbers in Q4FY25, delivering a growth of 432% YoY in its net profit at Rs 11,022 crore in the fourth quarter. The company, however, said profit adjusted for exceptional items rose 77% YoY to Rs 5,223 crore.
During the quarter, India revenues rose 29% YoY to Rs 36,735 crore, while mobile revenues increased 21% YoY led by tariff repair and premiumization of the portfolio.ARPU for the quarter stood at Rs 245 as compared to Rs 209 in Q4FY24.
Bharti Airtel share price target
According to Trendlyne data, the average target price for Bharti Airtel stock is Rs 1,976, implying an upside of 6% from current levels. Of the 36 analysts tracking the stock, the consensus rating remains a ‘Buy’.
Bharti Airtel shares price performance
On Thursday, Bharti Airtel shares closed at Rs 1,866.8 on the BSE, up 1.8%, while the benchmark Sensex surged 1.48%. The stock has surged 17% year-to-date and 134% in the past two years. The company’s market capitalization stands at Rs 10,64,469 crore.
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