Singtel recently announced that it intends to fully subscribe to its entitlement (14% direct stake) for associate Bharti's 1-for-14 rights issue at INR535 per share for a total consideration of up to INR29.4 billion ($539 million), over up to three years.

Bharti earlier announced that it planned to raise INR210 billion from the exercise, mainly to fund its 5G rollout, enhance network capacity and invest more into growing enterprise.

See: Singtel to fully subscribe to Bharti Airtel rights issue for up to INR29.4 bil

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