Bharti Airtel to ramp up stake in African arm by up to 5%. Check details here

Indian telecom major Bharti Airtel Limited announced on Friday, February 21, that it has decided to increase its stakeholding by up to 5 per cent in the Airtel Africa business, according to an exchange filing.

The parent company is increasing its stakeholding via a step-down subsidiary, Airtel Africa Mauritius Limited (AAML), which owns 57.29 per cent of the African-arm. After the 5 per cent stake acquisition, Bharti Airtel’s holdings in Airtel Africa will be 62.29 per cent.