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Bharti Airtel gets SEBI approval for Rs 24,000 crore rights issue

09 Apr 2019 Evaluate

Bharti Airtel has received approval from Securities and Exchange Board of India (SEBI) for a rights approval worth Rs 24,000 crore. The promoter group of the company, including the Bharti Group and SingTel, will subscribe to Rs 11,785.70 crore in the Rs 25,000-crore rights issue while Singapore government's investment arm GIC will be subscribing to shares worth Rs 5,000 crore.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

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