Bharti Airtel Shares Rise After Shareholder Approval for Rs 28,220 Cr Airtel Africa Deal; Stake to Grow to 79%

Telecom major Bharti Airtel has secured near-unanimous shareholder approval for its ambitious plan to consolidate its holding in Airtel Africa, a key international subsidiary, through a transaction valued at approximately Rs 28,220 crore.

Bharti Airtel to Increase Airtel Africa Holding to 79% in Rs 28,220 Crore Mega Deal

Upon completion and subject to requisite regulatory and statutory approvals, the transaction will increase Airtel's effective stake in Airtel Africa to around 79%, up from the current 62.73%, further deepening its exposure to one of its most strategically important overseas assets.

Bharti Airtel Share Price Today on NSE

Airtel shares is trading slightly higher on Tuesday, June 16, with the stock rising 0.44% or Rs 8.10, to Rs 1,849.30 on the National Stock Exchange (NSE) at 9:57 AM IST. The stock opened at Rs 1,840.20 and touched an intraday high of Rs 1,855.00, while the day's low remained at Rs 1,840.20.

Airtel Opts for Equity Swap Structure to Boost Airtel Africa Holding Efficiently

The transaction is structured as a cashless share-swap, reflecting a capital-efficient approach to expansion. Under the arrangement, Bharti Airtel will issue equity shares to Indian Continent Investment Limited, a promoter group entity, in exchange for its 16.31% stake in Airtel Africa.

This structure enables the telecom giant to enhance ownership without any cash outflow or additional leverage, thereby preserving balance sheet strength for core operations and future growth initiatives.

Sunil Bharti Mittal, visionary Founder and Chairman of Bharti Enterprises, highlighted Airtel Africa's pivotal role in the group's long-term growth strategy. He noted that the subsidiary is well-positioned to deliver robust performance and contribute increasingly to consolidated revenues, supported by strong governance frameworks and disciplined financial management.

Mittal further emphasised that the overwhelming shareholder support reflects deep confidence in the company's strategic direction and execution capabilities.

The company also stated that the proposal received robust backing from both institutional and public shareholders, reinforcing market trust in its long-term value creation potential. The approval signals broad investor alignment with Airtel's vision of expanding its international portfolio in a financially prudent and strategically calibrated manner.

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