Airtel shares rise 3.5% after 10,486 cr adjusted profit
NewsBytes | May 14, 2026 6:40 PM CST
Brokerages upbeat on 28,200 cr share-swap
Airtel also announced a major ₹28,200 crore share-swap deal to boost its stake in Airtel Africa.
The market loved it: brokerages like Jefferies raised their target price, calling the terms attractive.
J.P. Morgan and Morgan Stanley kept their upbeat targets too, saying the deal could boost earnings going forward.
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