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Bharti Airtel allots 32.35 cr equity shares under QIP issue

Capital Market 

The Special Committee of Directors for fund raising of Bharti Airtel at its meeting held on 15 January 2020 approved the allotment of 323,595,505 equity shares of face value of Rs 5 each to eligible qualified institutional buyers at the issue price of Rs 445 per equity share (including a premium of Rs 440 per equity share) at a discount of 1.57% to the floor price of Rs 452.09 per share, aggregating to approx.

Rs 14400 crore pursuant to the issue.

The Issue opened on 08 January 2020 and closed on 14 January 2020.

Accordingly, pursuant to the aforesaid allotment, the paid-up equity share capital of the Company has increased to Rs. 27,277,786,775 divided into 5,455,557,355 equity shares of Rs. 5 each.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 15 2020. 14:37 IST