Airtel could ring in D-Street debut of Payments Bank, data centre arm soon

India's capital markets may soon see Bharti Airtel, a telecommunications company, launching initial public offerings (IPOs) for two of its subsidiaries: Airtel Payments Bank and its data center unit, Nxtra. A senior company executive indicated that the IPO for Airtel Payments Bank is likely to be prioritized due to a regulatory requirement. In contrast, the IPO for Nxtra is intended for monetization purposes.

Airtel Payments Bank, which began operations in 2017, reported a net profit of Rs 18.5 crore on revenues of approximately Rs 700 crore for the third quarter of the current financial year. It is expected to be the first unit to list publicly, as it is required to do so within a 10-year timeframe.​

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