Grab and Singtel form consortium for Singapore digital banking licence

SINGAPORE: Grab Holdings Inc and Singtel have partnered to form a consortium to apply for a digital full bank licence in Singapore. Grab, Southeast Asia’s leading super app, will have a 60 percent stake in the consortium entity while Singtel, Asia’s leading communications technology group, will hold a 40 percent… Continue reading

Singtel to subscribe to Bharti Airtel’s rights issue

SINGAPORE: Singtel has announced that it will subscribe to 170 million new shares in the INR 250 billion ($3.5 billion) rights issue by regional associate Bharti Airtel (Airtel) at an issue price of INR 220 per share, for a total consideration of INR 37.5 billion (approximately $525 million), representing the… Continue reading