NEW DELHI: Nearly all shareholders of Indian telecom giant Bharti Airtel Monday approved the ongoing transaction to consolidate its stake in key strategic subsidiary Airtel Africa plc, indicating strong investor confidence. The transaction involves Bharti Airtel issuing equity shares to Indian Continent Investment Ltd, a promoter group entity, on a preferential basis, in exchange for its 16.31% stake in Airtel Africa.

Transaction to raise effective holding to 79% via share swap in the company’s African subsidiary

NEW DELHI: Nearly all shareholders of Indian telecom giant Bharti Airtel Monday approved the ongoing transaction to consolidate its stake in key strategic subsidiary Airtel Africa…