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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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thehindubusinessline.com
Airtel gets nod of nearly 100% of its shareholders to consolidate stake in Airtel Africa
Transaction to raise effective holding to 79% via share swap in the company’s African subsidiary
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timesofindia.indiatimes.com
Bharti Airtel shareholders back Africa stake consolidation via Rs 28,200-cr share swap deal
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…
