Money Tree

Bharti Airtel is buying back the 5.6 percent stake of Vodafone in it and the money to be paid for this stake buy might come in from selling 5 percent of its stake to Singapore Government’s Investment arm Temasek. The other major holder in Bharti Airtel is Singtel which currently holds 30 percent stake in the company and Singtel is also controlled by Temasek (more than 50% in Singtel is held by Temasek). After these deals the stake of Singapore Government in Airtel would rise to nearly 35 percent. The price at which the stake is being sold is yet not confirmed.