Airtel’s ₹14,000 crore NBFC bet small vs ₹60,000 crore FCF; dividend upside likely: IIFL Capital

Bharti Airtel is entering lending with a new NBFC. This move is a modest allocation of its strong free cash flows. The company plans significant investments in data centres and home broadband. Investors are watching execution risks in this new venture. Airtel's balance sheet is strengthening, allowing for growth and shareholder returns. Higher dividends are expected.