(Reuters) -Singapore Telecommunications (Singtel) said on Friday it had sold a 0.8% stake worth S$1.5 billion ($1.16 billion) in India's Bharti Airtel, as part of the Southeast Asian telecom company's ongoing asset restructuring strategy.

Singtel's unit Pastel sold 51 million shares of Bharti Airtel, India's second-largest telecom operator, at 2,030 rupees ($23.10) apiece, representing a discount of about 3.1% to Airtel's last close on Thursday.