Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
you are here: HomeNewsBusiness

Bharti Airtel garners over Rs 5,200 crore from first tranche of payment in rights issue

The applicants paid Rs 133.75 per share on application, with the balance sum to be paid in two more additional calls as may be decided by the board, the company said in a regulatory filing.

October 28, 2021 / 10:10 AM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Bharti Airtel is estimated to have garnered over Rs 5,200 crore from the first round of payment in its recently-concluded rights issue, as the telco’s special committee approved allotment of 39.2 crore equity shares to eligible applicants.

The applicants paid Rs 133.75 per share on application, with the balance sum to be paid in two more additional calls as may be decided by the board, the company said in a regulatory filing.

"…the special committee of directors for rights issue, at its meeting held today…approved the allotment of 392,287,662 rights equity shares to the eligible applicants, with Rs 133.75 paid on application and balance to be paid in two more additional calls…," the filing said.

This implies that Airtel has raised an estimated Rs 5,243 crore from the initial tranche. Pursuant to the allotment, the paid-up equity share capital of the company has also increased.