Bharti Airtel gets board nod to raise stake in Airtel Africa by up to 5%

Q: How long will it take to read this news story?

The story "Bharti Airtel gets board nod to raise stake in Airtel Africa by up to 5%" has 232 words across 7 sentences, which will take approximately 1 - 2 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Bharti Airtel gets board nod to raise stake in Airtel Africa by up to 5%" was covered 1 days ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 143 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #26321518</li><li>URL: https://beamstart.com/news/bharti-airtel-gets-board-nod-17401578649012</li></ul>

Business Standard Logo Business Standard 1d ago

Bharti Airtel gets board nod to raise stake in Airtel Africa by up to 5% - Business Standard

Quick Summary:

The said acquisition is being done to increase stake in Airtel Africa plc, it said."...the Special Committee of Directors, a duly authorised Committee by the Board of Directors of the company, has approved an increase in shareholding of the company in Airtel Africa plc (a subsidiary company listed in UK), by acquisition of up to 5 per cent stake in one or more tranches during FY 2024-25, through Airtel Africa Mauritius Limited (AAML), a step-down subsidiary company," the filing said.

Bharti Airtel board has approved raising the stakeholding in Airtel Africa by up to 5 per cent, the telecom firm said in a statutory filing on Friday.

Airtel Africa Mauritius Limited, which is a step-down subsidiary of Bharti Airtel, presently holds 57.29 per cent of Airtel Africa plc.