The proposed IPO will comprise of a secondary offering of Airtel Money’s shares to be sold by existing shareholders of Airtel Money. No fresh capital will be raised by the company.
Airtel Africa, a Bharti Airtel unit, owns 77.85% stake in Airtel Money and will be among the selling shareholders as well. After its listing, Airtel Africa expects to remain a long-term strategic shareholder and to support Airtel Money’s next phase of development as an independently listed business.
“An IPO would provide the opportunity to invest in one of Africa’s largest fintech platforms that is revolutionising digital financial services and enabling financial inclusion for millions,” Airtel Money stated in its statement on its official website.
Bharti Airtel owns a 79.22% stake in Airtel Africa.
Since its inception, Airtel Money is now providing financial services to nearly 53 million people monthly, becoming one of Africa’s largest fintech platforms, and has resulted in the company reporting strong revenue growth an d industry-leading margins.
“We are approaching this from a position of financial strength. The business is debt-free, capital-light and highly cash generative, which is why this Offer consists solely of shares sold by existing shareholders and no new capital is being raised,” Ian Ferraro, the CEO of Airtel Money said in his statement.
Ferraro added that digital transaction volumes across their footprint are likely to grow 5x by 2031 and the company intends to capture that opportunity by accelerating the conversion of the growing Airtel Africa telco subscriber base.
This could also become the first Indian-grown company to list on the overseas stock exchanges after Yatra listed on the Nasdaq back in 2016.
Shares of Bharti Airtel are off the highs of the day, currently trading 0.4% higher on Wednesday at ₹1,825.7. The stock is still down 14% so far this year.
First Published: Sept 23, 2026 12:36 PM IST