SSPL WEALTH PVT LTD

Saturday 22 Feb, 2025 09:15 PM

RailTel Corp bags Rs 288-cr order from East Central Railway Lemon Tree Hotels signs new property in Rajasthan RVNL emerges as L1 bidder for order worth Rs 156 cr Hazoor Multi Projects bags steel fabrication contract for Versova Bandra Sea Link ICRA downgrades ratings of Fusion Finance to 'A-' with 'negative' outlook Bharti Airtel board OKs to acquire additional 5% stake in Airtel Africa Jio Financial, Zomato to become part of Nifty 50 index Lupin gets EIR from USFDA for New Jersey facility Granules India's board OKs to acquire 100% stake in Senn Chemicals AG Agarwal Industrial bags bitumen supply contract from BPCL Pfizer partners with Mylan for marketing of Ativan and Pacitane One MobiKwik to acquire 3.39% stake in Blostem Fintech Religare Enterprises surges after Burman Family secures majority control Mahindra & Mahindra Ltd leads losers in 'A' group FCS Software Solutions Ltd leads losers in 'B' group

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Bharti Airtel board OKs to acquire additional 5% stake in Airtel Africa

22-Feb-25 12:02 Hrs IST

AAML, which is a step-down subsidiary of Bharti Airtel, presently holds 57.29% of Airtel Africa plc. The said acquisition aims to further increase its stake in Airtel Africa plc.

The acquisition is expected to be completed by March 31, 2025.

Bharti Airtel is a global communications solutions provider with over 550 million customers in 15 countries across South Asia and Africa.

The company's consolidated net profit surged to Rs 14,781.20 crore in the quarter ended December 2024 as against Rs 2,442.20 crore during the previous quarter ended December 2023. Sales rose 19.08% to Rs 45,129.30 crore in Q3 FY25 as compared with Q3 FY24.

The counter fell 0.41% to settle at Rs 1,638.40 on Friday, 21 February 2025.

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