Singapore government to invest ₹5,000 cr in Bharti Airtel

India's second-largest telecom company Bharti Airtel on Thursday said Singapore's sovereign wealth fund GIC will subscribe to shares worth ₹5,000 crore as part of Airtel's plans to raise ₹25,000 crore through rights issue. Airtel said its promoters transferred their right of subscribing to the shares in favour of GIC. Singapore's Singtel also committed to buying ₹3,750 crore worth Airtel stock.