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Stock Alert: Route Mobile, Bharti Airtel, Hero MotoCorp, V2 Retail, NMDC
Bharti Airtel said its subsidiary, Airtel Money has commenced commercial operations as a Type II non-deposit accepting non-banking financial company (NBFC).
Bharti Airtel raises stake in Airtel Africa to 79 per cent in transaction worth Rs 28,000 cr
Bharti Airtel has significantly boosted its stake in Airtel Africa to approximately 79 percent through a Rs 28,200 crore share-swap deal. This strategic move, involving a cashless exchange with promoter group entity ICIL, enhances Bharti Airtel's economic interest in the high-growth African subsidiary. The company anticipates Airtel Africa becoming a USD 10 billion revenue entity, contributing substantial returns.
Bharti Airtel Secures Shareholders Nod To Raise Airtel Africa Stake To 79% In Share-Swap Deal
Bharti Airtel will issue shares to ICIL after 100% of shareholders voted in favour of the transaction
7 most valued firms' mcap eroded ₹1.25 trn last week, RIL took biggest hit
The combined market valuation of seven of the top-10 most-valued firms eroded by Rs 1.25 lakh crore last week, with Reliance Industries taking the biggest hit, in-line with a bearish trend in equities. Last week, the BSE benchmark Sensex declined 532.4 points, or 0.71 per cent, and the NSE Nifty dipped 181.05 points, or 0.76 per cent. "Persistent FII selling remained the key drag on market sentiment despite supportive developments such as cooling crude oil prices and a recovery in the rupee against the US dollar. Concerns regarding the pace of monsoon advancement also weighed on investor confidence," Santosh Meena, Head of Research at Swastika Investmart Ltd, said. From the top-10 pack, Reliance Industries, Bharti Airtel, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India (LIC) and Hindustan Unilever faced erosion from their valuation, while HDFC Bank, ICICI Bank, and State Bank of India were the gainers. The market valuation of ...
Mittal charts map for Bharti Telecom to regain Airtel majority
Bharti Telecom chairman Sunil Mittal plans to increase his family's stake in Bharti Airtel. The company will also boost its ownership in its African subsidiary. This move aims to consolidate control and prepare for future leadership transitions. Mittal envisions a significant customer base across India and Africa. The company may also consider global asset acquisitions.
Sunil Bharti Mittal hints at succession, targets 51% control in Bharti Airtel over decade
Sunil Bharti Mittal aims for Bharti Telecom to regain majority in Bharti Airtel, plans higher dividends, buybacks, data centre expansion, small NBFC, and higher Airtel Africa stake
Bharti Airtel’s next decade: Mittal outlines tighter control in India, bigger Africa bet
Sunil Bharti Mittal says Bharti Telecom should regain majority control of Airtel over the next decade as the group begins succession planning for the next generation.
Sunil Bharti Mittal announces succession plan: Meet the GenNext
Airtel founder Sunil Bharti Mittal is preparing for a leadership change over the next ten years. His three children, Kavin, Shravin, and Eiesha, have established their own professional paths. Kavin is a tech entrepreneur, Shravin is an investor and dealmaker, and Eiesha focuses on lifestyle ventures. This signals a new chapter for the Bharti group.
Bharti Airtel shares jump 5% as Sunil Mittal eyes 51% stake in telco
Sunil Bharti Mittal, founder and chairman of Bharti Enterprises, during Airtel's Q4 earnings concall, said that he wishes to Bharti Telecom holding 51% stake in the Gurugram-headquartered telco.
Sunil Bharti Mittal to hand over Airtel reins to next generation in the next 10 yrs
Airtel Chairman Sunil Bharti Mittal has announced plans to transition leadership to the next generation within a decade. He also highlighted the West Asia war's impact on business operations. Mittal expressed dissatisfaction with recent revenue figures and is focused on boosting Average Revenue Per User. His reappointment as Chairman is effective from October 2026.
Bharti Airtel swap deal a win for minority shareholders, Morgan Stanley says; stock gains
The telco has announced a share swap deal to acquire an additional 16.31% stake in Airtel Africa from promoter entity ICIL, consolidating its hold on the listed African subsidiary without spending a single rupee in cash.
Airtel plans Rs 28,000 crore share swap: Deal with ICIL to raise parent’s stake in Airtel Africa & Mittal family’s stake in Airtel
Bharti Airtel's board approved a ₹28,220 crore share-swap deal with ICIL, a Mittal family entity, to increase its stake in Airtel Africa to 79%. This cashless transaction preserves company cash, boosts ICIL's holding in Bharti Airtel, and is expected to be accretive to earnings per share.