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 its stake in Airtel Africa to 79% from 62.7%.

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…

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…

Will see the Indian telecoms giant increase stake to 79%

The Indian telco is exploring whether it can increase its existing 24.5 percent stake

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…