Bharti Airtel approved a ₹28,222.20 Crore preferential share issuance to ICIL via share swap. This consolidates its Airtel Africa stake and is EPS accretive.
Bharti Airtel reported nil deviation in utilizing ₹15,695.98 Crore raised via its rights issue call. Funds were deployed for debt repayment and general corporate purposes.
Bharti Airtel approved issuing 146,761,335 shares at ₹1,923 each to ICIL via share swap. This ₹28,220 Crore preferential allotment increases the company’s stake in Airtel Africa.
