Go

Follow Us

Airtel Africa to raise USD 750 mn via IPO, eyes London listing

NEW DELHI: Telecom operator Bharti Airtel on Tuesday said its subsidiary Airtel Africa expected to raise at least USD 750 million (approx Rs 5,189 crore) through a public offer and subsequent listing on the London Stock Exchange.

“The offer is targeted to raise USD 750 million (plus primary greenshoe option of up to 15 per cent) and will be used to reduce net debt,” Bharti Airtel said in a regulatory filing.

New Delhi, June 4

Telecom operator Bharti Airtel on Tuesday said its subsidiary Airtel Africa expected to raise at least USD 750 million (approx Rs 5,189 crore) through a public offer and subsequent listing on the London Stock Exchange.

“The offer is targeted to raise USD 750 million (plus primary greenshoe option of up to 15 per cent) and will be used to reduce net debt,” Bharti Airtel said in a regulatory filing.

It said Airtel Africa intended to proceed with an initial public offering for admission and listing of its shares on the main market of London Stock Exchange (premium segment).

Additionally, Airtel Africa is also considering listing its shares on the Nigerian Stock Exchange. PTI

Show comments

Show comments

Top News

9 burnt to death as bus carrying devotees from Punjab catches fire near Tauru in Haryana

Swati Maliwal FIR alleges brutal assault, AAP calls it BJP ploy to frame Arvind Kejriwal

Navjot Sidhu on star campaigner list, but missing from poll scene

Girl among 4 law students killed as their speeding SUV crashes near university in Punjab's Patiala

Missing Taarak Mehta actor Gurucharan Singh 'Sodhi' returns home after 25 days; had embarked on spiritual quest, father says no to probe

Don’t Miss

View All

Surjit Patar’s writings will inspire generations: Ex-PM Manmohan Singh

Golgappa makes frequent entry into White House menu with guests being served with mouth-watering popular Indian street food

In the last year, it has been served at least a couple of times

40-year-old Delhi man takes 200 flights in 110 days to steal jewellery from co-passengers, would assume dead brother’s identity

2 separate cases of theft were reported on separate flights in the past three months, after which a dedicated team from IGI Airport was formed to nab the culprits

Deceased Haryana girl’s parents donate her organs

Organ donation: In death, Kaithal lad Shubham gives new lease of life to 5 patients

Mother's Day Special: How region’s top cops, IAS officer strike a balance between work and motherhood

Punjab DGP Gurpreet, Himachal DGP Satwant, Chandigarh SSP Kanwardeep, Ferozepur SSP Saumya, IAS officer Amrit Singh open up on the struggles they face

41-yr-old fulfils daughter’s wish, passes Class X exam

Enduring magic of Surjit Patar: A tribute to Punjab’s beloved poet

A tribute to Punjab’s beloved poet, who passed away aged 79 in Ludhiana

View all stories in this section

Most Read In 24 Hours

1

2

3

4

5

6

7

8

9

10