Announced Tue, 23 Jun · 09:24 IST
Bharti Airtel completes Airtel Africa stake hike to about 79% via share swap
BHARTIARTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.2%1-day move
₹1916.00
prior close
₹1916.70
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.0+0.1+0.2-2.2-3.4-3.6-3.2-2.4-0.4+0.2+0.8——
Up moveDown movePending
AI summary
Bharti Airtel has completed acquiring about 16.3% stake (59.52 crore shares) in UK-listed subsidiary Airtel Africa from Indian Continent Investment Limited, raising its holding in Airtel Africa to about 79%. In return, it allotted about 14.68 crore new equity shares to ICIL on a preferential basis, making ICIL hold about 3.25% of Bharti Airtel's post-issue equity. The company's paid-up equity capital has risen to about INR 312.02 crore.
Likely market impact
Minor dilution of about 3.25% for existing shareholders; consolidates Airtel Africa ownership, seen as positive long-term.