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Bharti Airtel’s arm to raise $194 million via debt from IFC

23 Mar 2022 Evaluate

Bharti Airtel’s subsidiary -- Airtel Africa has proposed to raise $194 million (about Rs 1,475 crore) through debt from the International Finance Corporation (IFC). IFC will support the project with a debt package of up to $150 million from its own account and up to $44 million in mobilisation from MCPP (Managed Co-Lending Portfolio Program) funds.

The funds will be used to support Airtel Africa’s operations and investments across seven subsidiaries in Sub-Saharan Africa. These include Chad, Democratic Republic of Congo, Kenya, Madagascar, Niger, Republic of Congo and Zambia.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

Bharti Airtel Share Price

1876.05 5.70 (0.30%)
02-Jul-2026 16:59 View Price Chart
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