Limited on Tuesday disclosed to stock exchanges that it has completed a composite share-swap transaction with Indian Continent Investment Limited (ICIL), under which it acquired a 16.3 per cent stake in its UK-listed subsidiary Airtel Africa and issued fresh equity shares to ICIL in return.
The company acquired 595,204,251 shares of Airtel Africa from ICIL on June 22, 2026, taking its effective stake in the African telecom unit to approximately 79 per cent.
In exchange, the Special Committee of Directors for Preferential Issue approved the allotment of 146,761,335 fully paid-up equity shares of Bharti Airtel to ICIL, at a face value of ₹5 each, on a preferential basis. As a result, ICIL now holds approximately 3.25 per cent of Bharti Airtel’s total post-issue equity share capital.
The transaction has increased Bharti Airtel’s paid-up equity share capital to ₹31,201,606,575, divided into 6,240,043,648 fully paid-up equity shares of ₹5 each and 1,110,668 partly paid-up equity shares of ₹5 each, with a paid-up value of ₹1.25 per share.
The deal had received approvals from Bharti Airtel’s Board of Directors and shareholders in earlier announcements dated May 13, 2026 and June 15, 2026, and all statutory and regulatory clearances were subsequently obtained.
Bharti Airtel shares were trading at ₹1,920.30 on the NSE on Tuesday, up 0.19 per cent from the previous close of ₹1,916.60, with a total market capitalisation of approximately ₹11,69,361 crore. The stock has gained around 3.55 per cent over the past week, though it remains down roughly 9 per cent year-to-date.