Bharti Airtel has allotted 146,761,335 fully paid-up equity shares, representing a 2.35% stake, to Indian Continent Investment Limited (ICIL) on a preferential basis. The allotment on June 23, 2026, was executed against the swap of approximately 16.3% shareholding held by ICIL in Airtel Africa plc, a UK listed subsidiary. This transaction adjusts the shareholding structure within the promoter group while consolidating interests in the African operations.

Acquisition Details

The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Following the transaction, ICIL's holding in Bharti Airtel increased to 202,729,127 fully paid-up shares, or 3.25% of the total share capital. The mode of acquisition involved a preferential allotment specifically linked to the exchange of the Airtel Africa stake.

Capital Structure Changes

The equity share capital of Bharti Airtel increased as a result of this allotment. The paid-up capital post-acquisition stands at ₹31,201,606,575, comprising 6,240,043,648 fully paid-up equity shares of face value ₹5 each and 1,110,668 partly paid-up equity shares of face value ₹5 each (paid-up value ₹1.25 each). Prior to the acquisition, the paid-up capital was ₹30,467,799,900.

Bharti Airtel Limited has accepted the resignation of Mr. Siddharth Sharma from the positions of CEO - Connected Homes and Director of Marketing, effective from the close of business hours on July 19, 2026. The executive is departing to pursue a new professional opportunity within the Singtel group. This transition marks a change in the company's senior management personnel overseeing its connected homes and marketing divisions.

The resignation was disclosed to the National Stock Exchange of India and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Mr. Sharma will cease to be a Senior Management Personnel of the company effective July 19, 2026.

In his resignation letter addressed to Shashwat Sharma, Managing Director & CEO (Airtel India), Mr. Sharma expressed his appreciation for the opportunities extended during his tenure. He committed to serving in his current role until the effective date to ensure a smooth transition of his responsibilities.

The following table summarizes the key details of the management change:

The company stated that the required details under SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, were enclosed with the regulatory filing. Bharti Airtel has not yet announced a successor for the vacated positions.