Bharti Airtel has completed the acquisition of a 16.3% stake in Airtel Africa from Indian Continent Investment Limited (ICIL), strengthening its ownership in the Africa-focused telecom operator.
The transaction was executed through a preferential share allotment and marks the completion of a previously announced composite deal.
The company acquired 595.2 million shares of Airtel Africa, representing approximately 16.3% of the subsidiary's equity capital.
Following the completion of the transaction on June 22, 2026, Bharti Airtel's effective stake in Airtel Africa has increased to around 79%.
The acquisition was undertaken through a preferential allotment of Bharti Airtel equity shares to ICIL.
As part of the arrangement, the company's Special Committee of Directors approved the allotment of 146.76 million fully paid-up equity shares with a face value of ₹5 each.
Following the allotment, ICIL now holds approximately 3.25% of Bharti Airtel's post-issue equity share capital.
The transaction enables Airtel to consolidate its ownership in Airtel Africa while providing ICIL with a direct equity stake in the parent company.
As a result of the preferential issue, Bharti Airtel's paid-up equity share capital has increased.
The company stated that its paid-up capital now stands at over ₹3,120 crore, comprising more than 624 crore fully paid-up equity shares along with existing partly paid-up shares.
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As of 23 June 2026, at 11:18 AM, Bharti Airtel share price was trading at ₹1,926.30 per share, reflecting a surge of 0.51% from the previous trading session.
Bharti Airtel has completed the acquisition of a 16.3% stake in Airtel Africa from ICIL, increasing its effective ownership in the subsidiary to nearly 79%. The transaction was executed through a preferential share allotment and further strengthens Airtel's strategic position in the African telecom market.
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Published on: Jun 23, 2026, 3:43 PM IST
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