Bharti Airtel Limited — JV/Acquisition, 13-05-2026: Acquisition

Bharti Airtel's Board approved acquiring an additional 16.31% stake in its strategic subsidiary, Airtel Africa plc, from Indian Continent Investment Limited. This share swap deal, valued at approximately 28,220 Cr, involves Bharti Airtel issuing 146.76 million new shares at INR 1,923 each. The move aims to consolidate Bharti Airtel's shareholding in Airtel Africa, boosting its EPS. The company highlighted the transaction as cash-less and leverage-neutral, strengthening its position without financial strain. Shareholders' approval is pending.