Bharti Airtel's Rs 21,000-cr rights issue subscribed 1.43 times

Telecom major Bharti Airtel’s Rs 21,000 crore rights issue has garnered full subscription, data provided by stock exchanges on Thursday showed.

The 392-million share offering attracted 1.43 times more bids at 562 million shares. These bids were through the so-called ASBA route. Besides, investors had the option to apply for the rights issue on an online platform using net banking or UPI. Bids under this route couldn’t be immediately ascertained. The rights issue closed on Thursday.

Shares of Airtel on Thursday closed at Rs 697. The rights issue price is fixed at Rs 535, a discount of 23