en.Wedoany.com Reported - Bharti Airtel has increased its stake in Airtel Africa from 62.73% to approximately 79% through a share swap agreement, with the transaction valued at around INR 282 billion.

The company completed a bulk share acquisition on June 22, 2026, purchasing 595,204,251 shares of Airtel Africa from Indian Continent Investment Limited (ICIL), representing approximately 16.3% of the latter's total shares. Following the transaction, Bharti Airtel's effective stake in Airtel Africa increased to approximately 79%. The transaction was structured as a cashless share swap, with Bharti Airtel issuing preferential ordinary shares to the promoter group entity ICIL as consideration in exchange for its 16.31% stake in Airtel Africa. The company's statement noted that this arrangement allowed Bharti Airtel to acquire a significant stake and enhance its economic interest in a high-growth asset without increasing leverage or cash outlay.

In Bharti Airtel's latest financial report for the period ending March 2026, Sunil Bharti Mittal, founder and chairman of Bharti Enterprises, had proposed a plan to increase the promoter shareholding within the group. Mittal expects Airtel Africa to grow into a $10 billion annual revenue business in the coming years, becoming a highly capable subsidiary under Bharti Airtel and delivering substantial returns to the group.

Airtel Africa's profit more than doubled in fiscal year 2026, reaching $813 million (approximately INR 77 billion), primarily driven by tariff adjustments in Nigeria and foreign exchange gains. The African business reported revenue of $6.4 billion in fiscal year 2026, a 29.5% increase from $4.9 billion in fiscal year 2025.

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