The Telecom department of India has approved the Bharti Airtel Ltd to increase Foreign Direct Investment (FDI) in the company to 100%. The approval from the Telecom department will enable Singtel or Singapore Telecommunications Ltd to increase its stake in Bharti Airtel Ltd. Singapore Telecommunications Ltd currently owns 35% stake in Bharti Airtel. This approval will also enable Bharti Airtel company to raise more capital as per its requirement. It also opens the door for the Indian telecom operator to raise more funds from other foreign investors.
Bharti Telecom is the single-largest shareholder in Bharti Airtel with about a 41% stake while Singtel owns 48% in Bharti Telecom, which provides it a 35% stake in Bharti Airtel.