Airtel issues shares to ICIL for Airtel Africa stake swap

Airtel issues shares to ICIL for Airtel Africa stake swap. Bharti Airtel has issued 146,761,335 equity shares on a preferential basis to Indian Continent Investment Limited (ICIL) in exchange for 16.3% of Airtel Africa plc. The swap involves 595,204,251 shares held by ICIL in the UK-listed subsidiary. This move consolidates ownership and strengthens Bharti Airtel’s control over its international arm.

📊 STOCKS: BHARTIARTL | 🏢 SECTOR: Telecom | #MEDIUMIMPACT #StakeSwap