(Reuters) -Singapore Telecommunications said on Friday it had sold around 1.2% of its stake in India's Bharti Airtel for S$2 billion ($1.54 billion), netting an estimated gain of S$1.4 billion. Pastel,

Bharti Airtel shares On May 16th fell sharply by 2.6% in early trade on Friday after a major block deal. Singapore-based telecom giant Singtel confirmed that it has sold a 1.2% stake in Bharti Airtel Ltd through a private placement transaction worth $1.

Singtel has sold around 1.2 per cent in Bharti Airtel for S$2 billion taking its stake in the Indian telecom operator down to 28.3 per cent, valued at S$48 billion.