Bharti Airtel’s subsidiary Airtel Africa will become part of the FTSE 100 index, the UK’s leading stock market gauge, from January 31, the company said in a press statement on January 27.
“This is a significant milestone for Airtel Africa, which becomes part of the FTSE 100 in just two and a half years of listing on the London Stock Exchange joining the most valuable companies,” Bharti chairman Sunil Bharti Mittal said.
Airtel Africa listed on the London Stock Exchange in June 2019. The company commands a market capitalisation of close to $8 billion.
Bharti Airtel said that the inclusion in the FTSE 100 index was the mark of the growing confidence of investors in the business.