New Delhi: Bharti Airtel has raised its stake in Airtel Africa by 16.31% to about 79% through a share-swap agreement, which is estimated to be around \u20b928,200 crore, according to a company filing on Tuesday. <\/p>\n
Before the transaction, Bharti Airtel held 62.73% in Airtel Africa. <\/p>\n
“The company completed the acquisition of 595,204,251 shares (around 16.3% stake) of Airtel Africa, from ICIL on June 22, 2026. Consequently, the company’s effective stake in Airtel Africa has increased to around 79%,” Bharti Airtel said in the filing. <\/p>\n
The transaction involves Bharti Airtel issuing equity shares to Indian Continent Investment Limited (ICIL), a promoter group entity, on a preferential basis, in exchange for its 16.31% stake in Airtel Africa. <\/p>\n
The transaction, being a cashless share-swap, presents an opportunity to the company to acquire a large block and increase its economic interest in a high-growth asset without any incremental leverage or cash outflow, the statement said. <\/p>\n
In the last earnings of Bharti Airtel for the March 2026 quarter, Bharti Enterprises Founder and Chairman Sunil Bharti Mittal had outlined a plan to increase promoters shareholding in group companies. <\/p>\n
Mittal estimated that Airtel Africa in the next few years will become a $10 billion revenue company and a very strong subsidiary of Airtel India generating very handsome returns for the company. <\/p>\n
Airtel Africa, has posted over two-fold jump in profit to $813 million (about \u20b97,700 crore) for FY26, mainly driven by tariff adjustments in Nigeria and forex gains. <\/p>\n
The Africa business had reported a 29.5% increase in revenue to $6.4 billion in FY26 from $4.9 billion in FY25.<\/p>\n","protected":false},"excerpt":{"rendered":"
New Delhi: Bharti Airtel has raised its stake in Airtel Africa by 16.31% to about 79% through a share-swap agreement, which is estimated to be around \u20b928,200 crore, according to a company filing on Tuesday. Before the transaction, Bharti Airtel held 62.73% in Airtel Africa. “The company completed the acquisition of 595,204,251 shares (around 16.3% stake) of Airtel Africa, from ICIL on June 22, 2026. Consequently, the company’s effective stake in Airtel Africa has increased to around 79%,” Bharti Airtel said in the filing. The transaction involves Bharti Airtel issuing equity shares to Indian Continent Investment Limited (ICIL), a promoter […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-1016485","post","type-post","status-publish","format-standard","hentry","category-telecom"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1016485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1016485"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1016485\/revisions"}],"predecessor-version":[{"id":1016486,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1016485\/revisions\/1016486"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1016485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1016485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1016485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}