FY2005-2006
Bharti Enterprises Private Limited
New Delhi, May 20, 2005 : Bharti Enterprises Private Limited (Bharti Enterprise) wishes to announce that Singapore Telecommunications Limited (SingTel) through its wholly owned subsidiary, Pastel Limited has increased its stake in Bharti Telecom Limited (BTL) from 26.96% to 32.81% with corresponding dilution of effective interest of Bharti Enterprise and its subsidiaries. This has resulted in a marginal increase in the SingTel’s beneficial interest in Bharti Tele-Ventures from 28.16% to 30.84%.
Bharti Enterprises maintains a controlling interest of 45.90%[1] in Bharti Tele-Ventures, through it’s subsidiary Bharti Telecom Limited.
[1] BTL’s shareholding in Bharti Tele-ventures Limited (BTVL) now stands at 45.90%, as against earlier 46.40%, pursuant to increase in capital of BTVL on account of conversion of debentures issued to Shyam Group against the acquisition of their stake in Bharti Hexacom Limited (Formerly Hexacom India Limited).