Bharti Airtel Limited has informed the Exchange about outcome of Board meeting dt. May 13, 2026

Bharti Airtel's board has approved issuing up to 14.68 crore fully paid-up equity shares to promoter group entity Indian Continent Investment Limited (ICIL), in exchange for ICIL's up to 16.31% stake (59.52 crore shares) in Airtel Africa plc, a UK-listed subsidiary. The shares are priced at INR 1,923 per share, valuing the deal at approximately INR 282.2 billion (~₹28,220 crore). Airtel India shares are issued at a ~9.5% premium to market while Airtel Africa shares are acquired at an ~11.6% discount to market. The transaction is cash-less, leverage-neutral, and is described as EPS-accretive. It is subject to approval by Bharti Airtel's shareholders at an Extraordinary General Meeting and regulatory approvals. Post-transaction, Bharti Airtel will hold a higher stake in Airtel Africa.