JSA represented Singapore Telecommunications (Singtel) in its sale of equity stake in Bharti Airtel Limited (BAL) to Bharti Telecom Limited (BTL). Singtel eventually sold approximately 3.3% of total equity shares of BAL for an aggregate consideration of approximately SGD 2.54 billion.
BAL is a public limited company incorporated in India and its shares are listed and traded on the Bombay Stock Exchange Limited (“BSE”) and the National Stock Exchange of India Ltd (“NSE”). BAL is a global communications solutions provider with over 491 million customers in 17 countries across South Asia and Africa. BAL has four business segments, namely, mobile services, home services, digital television services and Information and Communication Technology (ICT) business services.
Deal Value: SGD 2.54 billion
JSA Transaction Team Partner – Vikram Raghani & Anand Lakra, Senior Associate – Ami Shah, and Associate – Sonakshi Verma.