Bharti Airtel Transfers 69.94% Stake in Airtel Payments Bank to Airtel Limited

In a strategic internal reorganization, Bharti Airtel has transferred its 69.94% stake in Airtel Payments Bank to Airtel Limited, its wholly owned subsidiary. The telecom giant clarified in a regulatory filing on Tuesday that this restructuring does not impact the ownership of the bank.

Key Highlights of the Transfer

• No Change in Ownership – The restructuring is purely an internal exercise.
• Regulatory Approvals Secured – Airtel confirmed that the transaction complies with necessary corporate and regulatory mandates.
• Related Party Transaction – The transfer is categorized as a related party transaction but is being conducted at arm’s length, ensuring transparency.

Financial Performance of Airtel Payments Bank

• FY24 Turnover: ₹165.1 crore
• Net Worth: ₹503.8 crore
• Q3 FY24 Revenue: ₹700 crore
• Q3 FY24 Net Profit: ₹18.5 crore

In comparison, Bharti Airtel’s turnover for FY24 stood at ₹1,49,982.4 crore, with a net worth of ₹80,056.1 crore.

Potential IPO for Airtel Payments Bank

With strong financials and profitability, Airtel Payments Bank is now a candidate for an initial public offering (IPO) in the coming years.

• The bank has been net worth positive for some time, meeting regulatory mandates.
• According to an anonymous company official, an IPO could be expected within the next couple of years.

SEO Focused Keywords:

• Airtel Payments Bank stake transfer
• Bharti Airtel corporate restructuring
• Airtel Payments Bank IPO plans
• Airtel Limited financial performance
• Telecom industry financial news
• Payments bank profitability in India