Airtel Shareholders Approve Africa Stake Consolidation

Bharti Airtel shareholders have overwhelmingly approved a plan to consolidate its stake in Airtel Africa. The deal involves a preferential share issue to promoter entity ICIL in exchange for its 16.31% stake in the African unit. This cashless share swap will raise Bharti Airtel's effective stake in Airtel Africa to around 79%. Chairman Sunil Bharti Mittal highlighted the transaction as…

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