Bharti Airtel Acquires Stake in Airtel Africa Completes Transaction, Issues Shares to ICIL
Bharti Airtel Limited has completed a composite transaction involving the acquisition of shares in Airtel Africa plc and the subsequent preferential issuance of equity shares to Indian Continent Investment Limited (ICIL).The company successfully acquired 595,204,251 shares, representing approximately 16.3% of the stake, in Airtel Africa from ICIL on June 22, 2026. Following this acquisition, Bharti Airtel's effective shareholding in Airtel Africa increased to around 79%.
In a related transaction, the company's Special Committee of Directors for Preferential Issue approved the allotment of 146,761,335 fully paid-up equity shares to ICIL. These shares were allotted on a preferential basis with a face value of INR 5 each.
The issuance has resulted in ICIL holding approximately 3.25% of the total post-issue equity share capital of Bharti Airtel Limited. The transaction also significantly increased the company's paid up equity share capital, which now stands at INR 31,201,606,575.00.
The structure of the expanded paid up equity shares is detailed as follows:
| Category | Shares | Face Value / Status |
|---|---|---|
| Fully Paid-up Equity Shares | 6,240,043,648 | INR 5 each |
| Partly Paid-up Equity Shares | 1,110,668 | INR 5 each (Paid up value: INR 1.25) |
The transaction marks a material operational update for the company regarding its capital structure and stake in Airtel Africa.
BHARTIARTL Stock Price Movement
Shares of Bharti Airtel are slightly slipping in live trading as of 9:27 AM, currently priced at ₹1916.4 after shedding ₹0.20. The stock trades within a tight range today, with the current session volume reaching 275,225 shares amidst an intraday high of ₹1918.8.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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