(Reuters) -Singapore Telecommunications said on Friday it had sold around 1.2% of its stake in India's Bharti Airtel for S$2 billion ($1.54 billion), netting an estimated gain of S$1.4 billion. Pastel,

Bharti Airtel shares fell nearly 3% on Friday after Singtel sold a 1.2% stake in the company for SGD 2 billion. The sale was executed via a private placement to international and Indian institutional investors.

Bharti Airtel shares On May 16th fell sharply by 2.6% in early trade on Friday after a major block deal. Singapore-based telecom giant Singtel confirmed that it has sold a 1.2% stake in Bharti Airtel Ltd through a private placement transaction worth $1.