Airtel fixes April 24 as 'record date' for Rs 25,000 cr rights issue

Airtel has announced rights issue to raise Rs 25,000 cr through issuance of fully paid up shares at a price of Rs 220 per share, and an additional Rs 7,000 cr via foreign currency perpetual bond issue

Telecom operator Bharti Airtel has fixed April 24 as the 'record date' to determine shareholders eligible to apply for the equity shares in the upcoming Rs 25,000 crore rights issue.

In a regulatory filing, Airtel said the committee (Special Committee of Directors for Fund Raising) at its meeting held on Wednesday "has fixed the record date for the purpose of determining the shareholders eligible to apply for the equity shares in the rights issue on Wednesday, April 24, 2019".

Bharti Airtel is learnt to have already received market regulator Securities and Exchange Board of India (Sebi's) approval for the rights