India, June 16 -- Airtel Africa is central to our growth strategy and is well positioned to deliver robust performance with an increasing contribution to our consolidated revenues. Structured as a share swap, India's largest-ever transaction preserves capital strength for Airtel's core operations and future growth ambitions

- Sunil Bharti Mittal, Chairman, Bharti Enterprises

Bharti Airtel on Monday said it has received approval from around 100 per cent of its shareholders to raise its stake in Airtel Africa by 16.31 per cent through a share-swap agreement worth Rs 28,220 crore. Following the transaction, Bharti Airtel's stake in Airtel Africa will rise to around 79 per cent from the current 62.73 per cent.

"Nearly 100 per cent of its (...