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Bharti Telecom to strengthen shareholding in Bharti Airtel

25 Aug 2022 Evaluate

Bharti Telecom (BTL) has decided to strengthen its shareholding in Bharti Airtel. Accordingly, Singtel and its affiliates have entered into an agreement to transfer approximately 3.33 per cent shares to BTL for an aggregate amount of approximately 2.25 billion Singapore dollars, leaving direct shareholding of Singtel and Bharti in Airtel at around 10 per cent and 6 per cent respectively. The acquisition is to be completed over a period of 90 days.

Bharti Telecom, the promoter of Airtel, an entity held by Bharti and Singtel, has been and will continue to be the principal vehicle to hold Controlling Shares in Airtel.

Bharti and Singtel have agreed to work towards equalizing their stake in Airtel over a period of time. BTL will calibrate and spread such acquisitions to maintain a comfortable level of leverage.

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

Bharti Airtel Share Price

1852.05 9.95 (0.54%)
30-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Bharti Airtel 1852.05
Vodafone Idea 14.47
Indus Towers 391.85
Tata Communications 1973.30
Bharti Hexacom 1481.25
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