Bharti Airtel Limited has informed the Exchange about issue of Securities

Bharti Airtel's board has approved issuing up to 146.76 crore fully paid-up equity shares to Indian Continent Investment Limited (ICIL), a promoter group entity, via a share swap. ICIL will exchange its 16.31% stake (59.52 crore shares) in Airtel Africa plc for Bharti Airtel shares valued at approximately INR 282.2 billion. The shares are issued at INR 1,923 each, representing a ~9.5% premium to the last closing price and above the SEBI-mandated floor price. Airtel Africa is a UK-listed subsidiary where Bharti Airtel currently holds 62.73%. The transaction is cash-less, leverage neutral, and described as accretive to EPS. It requires shareholder approval in an Extraordinary General Meeting.