At meeting held on 29 August 2021
The Board of Bharti Airtel at its meeting held on 29 August 2021 the issuance of equity shares of face value of Rs 5 each of the company on rights basis upto Rs. 21,000 crore.The Board approved the following terms of the issue:
(a) Rights Issue Price: Rs. 535/- per fully paid-up equity share (including a premium of Rs. 530/- per equity share).
(b) Terms of payment of Issue Price: 25% on application and balance in two more additional calls as may be decided by the Board/ Committee of the Board from time to time based on the Company's requirements within an overall time-horizon of 36 months.
(c) Rights Entitlement Ratio: 1 equity share for every 14 equity shares held by eligible shareholders as on the record date.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app