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BRIEF-Singapore Telecommunications Completed Subscription Of 170.1 MLN New Equity Shares In Bharti Airtel

Reuters SG

May 29 (Reuters) - Singapore Telecommunications Ltd :

* COMPLETED SUBSCRIPTION OF 170.1 MILLION NEW EQUITY SHARES IN BHARTI AIRTEL

* PRICE PER SUBSCRIPTION SHARE WAS INR220, AGGREGATE CONSIDERATION FOR SUBSCRIPTION SHARES WAS INR37.4 BILLION

* COMPLETED SUBSCRIPTION OF 170.1 MILLION NEW EQUITY SHARES IN BHARTI AIRTEL

* AGGREGATE CONSIDERATION FOR SUBSCRIPTION SHARES WAS INR37.4 BILLION AND WAS FULLY SATISFIED IN CASH IN INDIAN RUPEES

* FOLLOWING COMPLETION, SINGTEL'S OVERALL EFFECTIVE SHAREHOLDING INTEREST IN BAL DECREASED FROM 39.5% TO 35.2% Source text for Eikon: Further company coverage: