Bharti subsidiary boosts Airtel stake with £57m share acquisition

  • Bharti Overseas Private Limited has elevated its voting rights in Airtel Africa to 12.58%
  • This development comes after a Bharti subsidiary acquired 53.5 million Airtel Africa shares worth £57.2 million
  • Simultaneously, the group has reported a reduction in the voting rights of one of its shareholders

Indian Continent Investment Limited has raised its stakes in Airtel Africa by purchasing shares valued at £57.25 million.

Indian Continent Investment Limited, headquartered in Mauritius, executed this acquisition of 53,500,000 units of Airtel Africa shares at a rate of £1.07 per unit per a corporate notice submitted to the Nigerian Exchange Limited.