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The latest announcement is out from Singtel ( (SG:Z74) ).
Singtel announced the sale of 71 million shares in Bharti Airtel Limited through its subsidiary, Pastel Limited, generating approximately SGD2.0 billion. This transaction, conducted on the National Stock Exchange of India, reduces Singtel’s stake in Bharti Airtel from 29.5% to 28.3% and results in an estimated gain of SGD1.4 billion, reflecting a strategic move to optimize its investment portfolio.
The most recent analyst rating on (SG:Z74) stock is a Buy with a S$3.10 price target. To see the full list of analyst forecasts on Singtel stock, see the SG:Z74 Stock Forecast page.
More about Singtel
Singtel, or Singapore Telecommunications Limited, is a major player in the telecommunications industry, offering a range of services including mobile, broadband, and digital solutions. The company is focused on expanding its market presence and enhancing its service offerings across Asia and beyond.
Average Trading Volume: 34,225,653
Technical Sentiment Signal: Buy
Current Market Cap: S$61.23B
See more data about Z74 stock on TipRanks’ Stock Analysis page.