Airtel plans to raise $1.5bn by listing Africa unit: Reports
Bharti Airtel is reportedly planning to raise up to $1.5 billion (â¹10,000 crore) by listing 25% stake in its Africa unit in London or South Africa by early 2019. The proceeds will be used to cut some debt, reports said. Notably, Airtel's profit from Africa business touched an all-time high of â¹699 crore in the March quarter.