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Bharti Airtel transfers 69.94% stake in Airtel Payments Bank to subsidiary as part of internal re-organization

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Bharti Airtel transfers 69.94% stake in Airtel Payments Bank to subsidiary as part of internal re-organization

Telecom major Bharti Airtel announced that it has transferred 69.94 per cent shareholding in Airtel Payments Bank to its wholly owned subsidiary, Airtel Limited as part of an internal re-organisation of shareholding.

In a regulatory filing, the company said, “This is to inform you that the shareholding of 69.94%, held by Bharti Airtel Limited (the Company) in Airtel Payments Bank Limited (Bank), is being transferred to Company’s wholly owned subsidiary (i.e. Airtel Limited), post receiving requisite regulatory and corporate approvals.”

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