Singapore Telecommunications said on Monday its unit, Viridian, had been placed under members' voluntary liquidation.
Singtel, Southeast Asia's largest telecom firm, said it also appointed a liquidator to manage the winding up of the Mauritius-incorporated unit.
The telecom firm said the winding up of Viridian is not expected to have any material impact on the group's net tangible assets or earnings per share.
Viridian Group has historically served as a corporate holding vehicle within the group's structure for managing equity holdings and investments — most notably its long-standing stake in Indian telecommunications giant Bharti Airtel.
Singtel, through units Pastel and Viridian, had disposed of a 3.3% stake in Bharti Airtel for S$2.54 billion ($1.97 billion) in August 2022.
The Singapore-listed firm currently owns a 7.3% stake in Bharti Airtel, according to LSEG data.