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SingTel Raises Stake in Bharti Airtel

Wall Street Journal | April 11, 2011 | Kenan Machado

Mumbai–Singapore Telecommunications has increased its stake in India’s Bharti Airtel through the purchase of 2.83 million shares for 934 million rupees.

In a filing to the Singapore Stock Exchange, SingTel said a wholly owned uni — Viridian Ltd — bought the shares in the open market based on the prevailing market price.

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