Airtel Africa listed on the Nigerian Stock Exchange in a 1.36 trillion naira ($4.4 bln) flotation turning the telecoms company into the bourse\u2019s third-largest stock by market value. <\/p>\n\n\n\n
Airtel Africa\u2019s shares climbed 10 per cent from their listing price of 363 naira after the float went live. Some 100,000 shares traded at Tuesday\u2019s debut, helping the main stock index recover from a seven-week low. <\/p>\n\n\n\n
The company, owned 68.3 per cent by India\u2019s Bharti Airtel, offered shares in its African unit two weeks ago via a London IPO and said it would dual list in Nigeria, its biggest market in Africa. Airtel Africa, which operates across 14 African countries, had planned to list last week but the bourse postponed the cross-border listing to allow the telecoms firm to meet its listing requirements. <\/p>\n\n\n\n
Airtel\u2019s listing comes after main rival, South Africa\u2019s MTN, listed its Nigerian unit in Lagos in May in a $6.5 billion float that made it the second-largest stock on the bourse by market value. <\/p>\n\n\n\n
It also\nbecomes the second company to list in London and Lagos following an IPO by oil\nfirm Seplat. Airtel Africa\u2019s existing shareholders include Singapore\u2019s Temasek,\nJapan\u2019s SoftBank, Singtel and US investment firm Warburg Pincus. <\/p>\n\n\n\n
The local\nbourse has said Airtel shares registered in Britain may be moved from the\nLondon market to Nigeria subject to approval by the custodians in London and\nforeign exchange rules in Nigeria. But Airtel shares registered in Nigeria\ncannot be moved to London, it said. <\/p>\n\n\n\n
About Airtel:<\/strong> Airtel Africa listed on the Nigerian Stock Exchange in a 1.36 trillion naira ($4.4 bln) flotation turning the telecoms company into the bourse\u2019s third-largest stock by market value. Airtel Africa\u2019s shares climbed 10 per cent from their listing price of 363 naira after the float went live. Some 100,000 shares traded at Tuesday\u2019s debut, helping […]<\/p>\n","protected":false},"author":13,"featured_media":3652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[82],"offerexpiration":[],"class_list":["post-3651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-articles","tag-economy-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/3651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=3651"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/3651\/revisions"}],"predecessor-version":[{"id":3653,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/3651\/revisions\/3653"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/3652"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=3651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=3651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=3651"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=3651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Bharti Airtel Limited is an Indian based global telecommunications services company. It is headquartered in New Delhi,<\/strong> India. It operates in 18 countries<\/strong> across South Asia and Africa, and also in the Channel Islands. The CEO of the company is Gopal Vital.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"