Telecom firm Bharti Airtel is in discussions with consultants and intermediaries for listing shares of its Netherlands-based unit, BAIN BV, that controls the firm’s Africa operations, on a global stock exchange.
“The board of directors of BAIN BV on February 12, has authorised its management to initiate non-binding exploratory discussion with various banks/intermediaries to explore possibility/feasibility of listing of its shares on an internationally recognised stock exchange,” Bharti Airtel said in regulatory filing.
The discussions are at an exploratory/preliminary stage and there is no certainty on the outcome of these discussions, it added. Bharti Airtel operates in 14 African countries.
