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Bharti Airtel raises stake in Airtel Africa to 79 per cent in transaction worth Rs 28,000 cr
Bharti Airtel has significantly boosted its stake in Airtel Africa to approximately 79 percent through a Rs 28,200 crore share-swap deal. This strategic move, involving a cashless exchange with promoter group entity ICIL, enhances Bharti Airtel's economic interest in the high-growth African subsidiary. The company anticipates Airtel Africa becoming a USD 10 billion revenue entity, contributing substantial returns.
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thehindubusinessline.com
Bharti Airtel completes share swap with ICIL, raises Africa stake to 79%
The company acquired 595,204,251 shares of Airtel Africa from ICIL on June 22, 2026, taking its effective stake in the African telecom unit to approximately 79 per cent.
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economictimes.indiatimes.com
Bharti Airtel raises stake in Airtel Africa to 79 per cent in transaction worth Rs 28,000 cr
Bharti Airtel has significantly boosted its stake in Airtel Africa to approximately 79 percent through a Rs 28,200 crore share-swap deal. This strategic move, involving a cashless…
