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Bharti Airtel trades firm as stock turns ex-date for rights issue

The rights issue will open on May 3 and close on May 17

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SI Reporter Mumbai
Bharti Airtel shares were quoting firm, up 1 per cent, at Rs 325 on the BSE in early morning deal as the stock turns ex-date for rights issue today (on Tuesday).
 
On February 28, Bharti Airtel had announced rights issue to raise up to Rs 25,000 crore through issuance of fully paid up shares and an additional Rs 7,000 crore via foreign currency perpetual bond issue. The rights issue will be raised in the ratio of 19:67 (i.e., 19 shares for every 67 shares held) at a price of Rs 220 per share.

The Committee at its meeting held on