Bharti Airtel has announced plans to acquire up to an additional 5 per cent stake in its Africa unit during financial year (FY25) through one or multiple all-cash transactions. Currently, Airtel holds a 57.29 per cent stake in Airtel Africa plc through its subsidiary, Airtel Africa Mauritius Limited (AAML).
The company stated that the acquisition would be executed for a cash consideration and priced in compliance with applicable regulations. Further, the transaction is expected to be completed by the end of March 2025.
Based on Airtel Africa’s current market capitalisation of £5.07 billion (approximately Rs 555.41 billion), a 5 per cent stake would be valued at around Rs 27.77 billion.
