Indian billionaire’s payments firm plots biggest London flotation in years

Sunil Bharti Mittal’s Airtel Money targets $9bn IPO in boost for ailing UK stock market

A payments business that operates across Africa and is ultimately controlled by an Indian billionaire has announced its intention to float on the struggling London Stock Exchange.

Airtel Money, the mobile money arm of Airtel Africa, is planning one of the biggest UK listings in years, in a boost for the shrinking London market that has faced a string of recent departures.