Nse postpones airtel africa listing

A recent development!

Yes, you're correct. On February 24, 2023, Bharti Airtel, India's largest telecom operator, announced that it has postponed the listing of its African subsidiary, Airtel Africa, on the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE).

The company cited "market conditions" as the reason for the postponement. Airtel Africa was initially expected to list on the NSE and LSE in the first half of 2023.

Airtel Africa is a subsidiary of Bharti Airtel, which operates in 14 countries across Africa, providing mobile services to over 140 million customers. The company had filed its draft prospectus with the Securities and Exchange Commission (SEC) in Nigeria and the UK's Financial Conduct Authority (FCA) in December 2022.

The postponement is likely to be a temporary measure, and Airtel Africa is expected to revisit the listing plans once market conditions improve.