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Airtel board approves Rs 28220 crore share swap to lift Airtel Africa stake to 79 percent
Business
Published on 14 May 2026
Cashless swap boosts ICIL holdings too
Bharti Airtel’s board has approved a cashless ₹28,220 crore share-swap with ICIL, a Mittal family entity, to raise Airtel Africa’s stake to 79%. By avoiding cash outflow, the deal preserves Airtel’s liquidity, increases ICIL’s holding in Bharti Airtel, and is expected to be accretive to earnings per share.
- Airtel approved a ₹28,220 crore cashless share swap with ICIL
- Target is to raise Airtel Africa stake to 79%
- The transaction preserves Airtel cash and is EPS accretive
- ICIL’s holding in Bharti Airtel will increase
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times