Bharti Airtel Limited has announced that it has received nearly 100% approval from its shareholders for the consolidation of its stake in Airtel Africa plc, as per the exchange filings.
This transaction involves issuing equity shares to Indian Continent Investment Limited, a promoter group entity, in exchange for its 16.31% stake in Airtel Africa.
The transaction, structured as a cashless share swap, allows Bharti Airtel to increase its economic interest in Airtel Africa without any incremental leverage or cash outflow.
This move simplifies the group's shareholding structure and enhances transparency. The proposal received overwhelming support from shareholders, including public and institutional investors, reflecting confidence in its strategic rationale and long-term value creation potential.
Sunil Bharti Mittal, Founder and Chairman, Bharti Enterprises, said, “Airtel Africa is central to our growth strategy and is well positioned to deliver robust performance with an increasing contribution to our consolidated revenues.
The company has always operated at the highest standards of corporate governance and financial discipline, and this overwhelming support reinforces the confidence that the investors have in the organization.
Structured as a share swap, India's largest ever transaction preserves capital strength for Airtel’s core operations and future growth ambitions. As we look ahead, we see significant potential in Africa for long-term shareholder value creation.”
The transaction, upon consummation and subject to requisite regulatory approvals, will increase Bharti Airtel’s effective stake in Airtel Africa to approximately 79%.
This represents a continuation of the company’s approach to progressively strengthen its ownership in Airtel Africa.
The voting results from the Extraordinary General Meeting held on June 12, 2026, show that the proposal was approved by an overwhelming majority.
The remote e-voting saw 2,978,329,531 votes in favour, representing 100% of the votes polled from the promoter and promoter group.
Public institutions polled 2,541,900,906 votes, with 99.9732% in favour. Public non-institutions polled 124,641,527 votes, with 99.9784% in favour.
Headquartered in India, Bharti Airtel is a global communications solutions provider with over 650 million customers in 15 countries across India and Africa.
The company is ranked second amongst mobile operators globally, with networks covering over 2 billion people.
Airtel offers a range of services, including high-speed 4G/5G mobile, Wi-Fi, digital payments, and more.
As of June 15, 2026, at 11:21 AM, Bharti Airtel share price on NSE was trading at ₹1,831.60 up by 0.50% from the previous closing price.
Bharti Airtel's transaction to consolidate its stake in Airtel Africa received nearly 100% shareholder approval. The cashless share swap with Indian Continent Investment Limited will increase Bharti Airtel’s stake in Airtel Africa to approximately 79%.
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Published on: Jun 15, 2026, 11:56 AM IST
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