# Airtel Money eyes London listing via secondary OFS — retained record

> Retained news record from news:india-et-markets.

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source: [news](https://highsignal.app/data/news) (news:india-et-markets)  published 2026-09-24 00:47 ingested 2026-09-24 02:52

[original source ↗](https://economictimes.indiatimes.com/markets/ipos/fpos/airtel-money-eyes-london-listing-via-secondary-ofs/articleshow/134448872.cms)

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Minority shareholders in the business include TPG, Mastercard, Qatar Investment Authority and Chimetech Holding who together invested $550 million in the business in 2021. Analysts said the listing provides a structured liquidity for pre-IPO investors but will not look to infuse fresh capital in the business.
Read more: Chasing IPO debut highs? All 10 listing multibaggers of last 2 years bleed negative returns
"Airtel Money operates with zero external borrowings and only 3% of its revenue spent as capex as of FY26, which gives it enough room to invest in growth directly from its balance sheet," an industry executive who did not wish to be named told ET.
IFC has signed an agreement with the company and some of the existing shareholders to purchase up to 67.2 million British Pounds (approximately $90 million) of the offer shares at the final offer price, Airtel said in the intimation to LSE. Airtel Africa is already listed on the LSE main market and is a constituent of the FTSE 100.
Read more: NSE IPO shares all set to list: GMP signals 2% listing gain ahead of market debut
The telco's Africa unit, backed by Sunil Mittal, said the offer will also be made to qualified institutional buyers in the US and outside the US along with retail investors who are residents of the United Kingdom.
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