Bharti Airtel to increase stake in Airtel Africa
Bharti Airtel (BSE: BHARTIARTL) has announced that its Special Committee of Directors has approved a plan to increase its shareholding in Airtel Africa plc. The acquisition will allow for an increase of up to a 5% stake in one or more tranches through Airtel Africa Mauritius Limited (AAML), a step-down subsidiary company. AAML currently holds 57.29% of Airtel Africa. The transaction, set to be completed by March 31, 2025, will be funded through cash consideration, with pricing to adhere to all applicable laws and regulations. All required statutory approvals will be ensured during the acquisition process. Details regarding Airtel Africa can be found at their investor relations page.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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