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How The Deal Was Eventually Struck

  • August 2000 SingTel initially acquired a 15.3 per cent stake in Bharti Tele-Ventures (and later in Bharti Telecom)
  • May 2001 SingTel and US-based private equity firm Warburg Pincus invest $200 mn each in Bharti Tele-Ventures
  • February 2002 Bharti Tele-Ventures raises Rs 834 crore ($200 million) through India's first 100% book-building IPO
  • May 2005 SingTel increases stake in Bharti Tele-Ventures by acquiring additional 3.88 per cent shares in Bharti Telecom
  • October 2005 Vodafone, the world's largest mobile firm, picks up 10 per cent in Bharti Tele-Ventures for $1.5 billion
Published At:
US