Bharti Airtel, one of India's leading telecommunications companies, has approved a significant ₹28,220 crore share-swap deal with Indian Continent Investment (ICIL), a family office for the Mittal family. This transaction will increase Airtel's stake in its UK-listed subsidiary, Airtel Africa, from 62.73% to 79.04%. In exchange, ICIL will acquire approximately 3.25% of Bharti Airtel, up from 0.95%. Analysts view this move positively, as it consolidates the Mittal family's investments while avoiding a cash outflow that would have been required for an all-cash transaction. The share swap involves issuing about 146.7 million new shares at a price of ₹1,923 each, representing a 9.5% premium over the previous closing price. The deal is expected to enhance earnings per share for Airtel India, aligning with the company's strategy to strengthen its holdings in strategic subsidiaries.