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Bharti Airtel’s arm to proceed with listing of shares on London Stock Exchange

Bharti Airtel’s subsidiary — Airtel Africa is planning to proceed with an initial public offering (IPO), for admission and listing of its shares on the main market of the London Stock Exchange (Premium Segment). The Offer is targeted to raise $750 million (plus a primary greenshoe option of up to 15%) and will be used to reduce the net debt. Further, Airtel Africa is also considering a listing of its shares on the Nigerian Stock Exchange.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

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