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Shareholders of Airtel back Africa stake consolidation
NEW DELHI: Nearly all shareholders of Bharti Airtel Monday approved ongoing transaction to consolidate its stake in subsidiary Airtel Africa, indicating strong investor confidence. The transaction involves Bharti Airtel issuing equity shares to Indian Continent Investment, a promoter group entity, on preferential basis, in exchange for 16.3% stake in Airtel Africa.
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economictimes.indiatimes.com
Airtel secures nearly 100% investor support to raise Airtel Africa stake to about 79%
Bharti Airtel shareholders have overwhelmingly approved a plan to increase its stake in Airtel Africa Plc. This strategic move involves a cashless share swap, boosting Bharti…
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thehindubusinessline.com
Airtel gets nod of nearly 100% of its shareholders to consolidate stake in Airtel Africa
