Bharti Airtel (Airtel) on Monday informed that nearly 100 per cent of its shareholders have approved the ongoing transaction to consolidate its stake in key strategic subsidiary Airtel Africa.

The transaction, upon consummation and subject to receipt of all requisite regulatory approvals, will increase Airtel’s effective stake in Airtel Africa to around 79 per cent, the company said.

“Airtel Africa is central to our growth strategy and is well positioned to deliver robust performance with an increasing contribution to our consolidated revenues. The company has always operated at the highest standards of corporate governance and financial discipline, and this overwhelming support reinforces the confidence that the investors have in the organisation,” Sunil Bharti Mittal, Founder and Chairman, Bharti Enterprises, said.

Structured as a share swap, India’s largest-ever transaction preserves capital strength for Airtel’s core operations and future growth ambitions, he said.

“As we look ahead, we see significant potential in Africa for long-term shareholder value creation,” Mittal added.

The transaction involves Airtel issuing equity shares to Indian Continent Investment Limited, a promoter group entity, on a preferential basis, in exchange for its 16.31 per cent stake in Airtel Africa, the company said.

The proposal received support from shareholders, including public and institutional investors, reflecting confidence in its strategic rationale and long-term value creation potential, it said, adding that the transaction, being a cashless share-swap, presents an opportunity to the company to acquire a large block and increase its economic interest in a high-growth asset without any incremental leverage or cash outflow.

Published on June 15, 2026