Bharti Airtel has planned largest capital infusion involving a mix of Rights Issue and Perpetual Bond Issue to raise a total of up to Rs 32,000 crore to further bolster its capital structure. The Board of Directors of the Company at its meeting held on March 06, 2019 has approved the Draft Letter of Offer.
The Board of Bharti Airtel has approved Rights Issue to raise up to Rs 25,000 crore through issuance of fully paid up shares at a price of Rs 220 per share and to raise an additional Rs 7,000 crore via the Foreign Currency Perpetual Bond Issue.
The entire rights entitlement of Promoter and Promoter Group of around Rs 16,785.70 crore will be subscribed by them and GIC, with Promoter and Promoter Group subscribing to Rs 11,785.70 crore and GIC subscribing Rs 5,000 crore by way of renouncement in their favour.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
Company Name | CMP |
---|---|
Bharti Airtel | 1289.30 |
Vodafone Idea | 12.92 |
Indus Towers | 351.10 |
Tata Communications | 1754.95 |
Bharti Hexacom Ltd. | 945.85 |
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