NSEGeneral Updates23 Jun 2026 · 23 Jun 2026, 09:24 am

General Updates

Bharti Airtel Limited · BHARTIARTL

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Bharti Airtel Limited has completed the acquisition of a 16.3% stake in its UK-listed subsidiary, Airtel Africa plc, from Indian Continent Investment Limited (ICIL) on June 22, 2026. This transaction increases Bharti Airtel's effective stake in Airtel Africa to approximately 79%. In consideration for the stake, the company's Special Committee of Directors approved the preferential allotment of 146,761,335 fully paid-up equity shares to ICIL. As a result, ICIL now holds approximately 3.25% of Bharti Airtel's total post-issue equity share capital, and the company's paid-up equity share capital has increased.

Analysis Scores

Earnings Impact8/10
Growth Catalyst7/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk3/10
Liquidity Impact5/10
Market Sentiment7/10

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Full Announcement

Bharti Airtel Limited has informed the Exchange about update on composite transaction comprising issuance of 146,761,335 fully paid-up equity shares of the Company to Indian Continent Investment Limited ( ICIL ), on a preferential basis against swap of 16.3% shareholding (595,204,251 shares) held by ICIL, in Airtel Africa plc, a UK listed subsidiary

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BHARTIARTL_23062026092348_STXDislcosureAllotmenttoICIL.pdf

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June 23, 2026 National Stock Exchange of India Limited Exchange Plaza, C-1 Block G Bandra Kurla Complex, Bandra (E) Mumbai - 400051, India Symbol: BHARTIARTL/ AIRTELPP BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400001, India Scrip Code: 532454/ 890157 Sub: Update Ref.: Composite transaction comprising issuance of 146,761,335 fully paid-up equity shares of the Company to Indian Continent Investment Limited (‘ICIL’), on a preferential basis against swap of 16.3% shareholding (595,204,251 shares) held by ICIL, in Airtel Africa plc (‘Airtel Africa’), a UK listed subsidiary Dear Sir/ Ma’am, Further to our earlier announcements dated May 13, 2026 and June 15, 2026, pursuant to the approvals granted by the Board of Directors and the shareholders of the Company and on receipt of all statutory/ regulatory approvals, we wish to submit the following: (a) The Company has completed the acquisition of 595,204,251 shares (~16.3% stake) of Airtel Africa, from ICIL on June 22, 2026. Consequently, the Company’s effective stake in Airtel Africa has increased to ~79%. (b) The ‘Special Committee of Directors for Preferential Issue’ of the Company, has today, approved the allotment of 146,761,335 fully paid-up equity shares of face value of INR 5 each to ICIL, on a preferential basis. Consequently, (a) ICIL holds ~3.25% of the total post-issue equity share capital of the Company; and (b) the paid-up equity share capital of the Company stands increased to INR 31,201,606,575.00 divided into 6,240,043,648 fully paid-up equity shares of INR 5 each and 1,110,668 partly paid-up equity shares of INR 5 each (paid-up value INR 1.25 each). Kindly take the same on record. Thanking you, Sincerely yours, For Bharti Airtel Limited Rohit Krishan Puri Company Secretary & Compliance Officer Bharti Airtel Limited (a Bharti Enterprise) Regd. Office: Airtel Center, Plot No. 16, Udyog Vihar, Phase-IV, Gurugram - 122015, India Corporate Office: Bharti Crescent, 1, Nelson Mandela Road, Vasant Kunj, Phase II, New Delhi - 110070, India T.: +91-124-4222222, F.: +91-124-4248063, Email: compliance.officer@bharti.in, Website: www.airtel.in CIN: L74899HR1995PLC095967