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Airtel plans Rs 28,000 crore share swap: Deal with ICIL to raise parent’s stake in Airtel Africa & Mittal family’s stake in Airtel
Bharti Airtel's board approved a ₹28,220 crore share-swap deal with ICIL, a Mittal family entity, to increase its stake in Airtel Africa to 79%. This cashless transaction preserves company cash, boosts ICIL's holding in Bharti Airtel, and is expected to be accretive to earnings per share.
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m.economictimes.com
Airtel plans Rs 28,000 crore share swap: Deal with ICIL to raise parent’s stake in Airtel Africa & Mittal family’s stake in Airtel
Bharti Airtel's board approved a ₹28,220 crore share-swap deal with ICIL, a Mittal family entity, to increase its stake in Airtel Africa to 79%. This cashless transaction…
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datacenterdynamics.com
Bharti Airtel to increase stake in Airtel Africa through share swap
Will see the Indian telecoms giant increase stake to 79%
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forbes.com
Billionaire Sunil Mittal’s Bharti Airtel Raising Stake In African Unit Via $2.9 Billion Share Swap
Upon completion of the deal, which is subject to shareholder and regulatory approvals, Airtel Africa Mauritius—a unit of billionaire Sunnil Mittal's Bharti Airtel—will increase…
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africa.businessinsider.com
Airtel billionaire owner Sunil Mittal eyes “once in a lifetime” Africa opportunity after $2.9 billion stake deal
Bharti Airtel founder Sunil Mittal has described the opportunity to expand investment in Africa as a “once in a lifetime opportunity” as the Indian telecom giant moves to raise…