Bharti Telecom chairman Sunil Mittal says the group should regain majority control of Bharti Airtel, after years when foreign and strategic investors diluted its dominance. Speaking to analysts, he backed a ₹28,220 crore share-swap with ICIL, which is expected to lift the Mittal family’s stake while narrowing the gap with Singtel. Bharti Telecom also plans to expand its ownership in Airtel Africa, potentially topping 78% and aiming for up to 90%, supported by buybacks and future consolidation.
Bharti Airtel’s board has approved a cashless ₹28,220 crore share-swap with ICIL, a Mittal family entity, to raise Airtel Africa’s stake to 79%. By avoiding cash outflow, the deal preserves Airtel’s liquidity, increases ICIL’s holding in Bharti Airtel, and is expected to be accretive to earnings per share.
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Wingreens World has acquired Safe Harvest through a share-swap deal, its fifth acquisition. The company also raised more than ₹120 crore in Series D funding and is aiming for a public listing within two years. The move comes amid rapid consolidation in India’s consumer health and wellness sector, as firms expand to strengthen distribution and product portfolios.
Avi Polymers has approved acquiring a 90% stake in JVTR Consultants Pvt Ltd for Rs 500 crore through a share swap. The deal is meant to help Avi Polymers move deeper into technology and digital services, including IT services and software development. Management says it supports a more diversified, future-focused business strategy.
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