Sunday, March 16, 2025 | 12:01 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Airtel's Africa arm gets $1.25 bn from 6 investors, IPO to follow

This will enable the telecom major to cut its consolidated debt by 8% and reduce its annual interest outgo

airtel, bharti airtel, airtel payments bank
Premium

Airtel Payments Bank has also been permitted by the UIDAI to resume the on-boarding of customers using Aadhaar based e-KYC

Surajeet Das Gupta New Delhi
Bharti Airtel announced it was getting six marquee investors to put a total of $1.25 billion in its fully-owned subsidiary, Airtel Africa. 

This will be through the issue of new equity, followed soon by an Initial Public Offer (IPO) on the international stock exchange.  

This will enable the telecom major to cut the consolidated debt by eight per cent and reduce its annual interest outgo, estimated by analysts at Rs 10 billion, says ICICI Securities. This will strengthen the company as it takes on its chief rival, Reliance Jio, in the Indian market.   

Understandably, the market gave the stock

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in