New Delhi, Feb. 21 -- Indian telecom major Bharti Airtel Limited announced on Friday, February 21, that it has decided to increase its stakeholding by up to 5 per cent in the Airtel Africa business, according to an exchange filing.

The parent company is increasing its stakeholding via a step-down subsidiary, Airtel Africa Mauritius Limited (AAML), which owns 57.29 per cent of the African-arm. After the 5 per cent stake acquisition, Bharti Airtel's holdings in Airtel Africa will be 62.29 per cent.

"We wish to inform that the Special Committee of Directors, a duly authorized Committee by the Board of Directors of the Company, has approved an increase in shareholding of the Company in Airtel Africa plc (a subsidiary company listed in UK), ...