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Airtel Africa targets $750 mn via IPO, eyes listing on London exchange

Additionally, Airtel Africa is also considering listing its shares on the Nigerian Stock Exchange

Press Trust of India  |  New Delhi 

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Telecom operator on Tuesday said its subsidiary Africa expects to raise at least $750 million (approx Rs 5,189 crore) through a public offer and subsequent listing on the

"The offer is targeted to raise $750 million (plus primary greenshoe option of up to 15 per cent) and will be used to reduce net debt," said in a regulatory filing.

It added that intends to proceed with an initial public offering for admission and listing of its shares on the main market of (premium segment).

Additionally, is also considering listing its shares on the Nigerian Stock Exchange.

First Published: Tue, June 04 2019. 10:45 IST
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