Bharti Airtel has decided April 24 as the ‘record date’ to determine shareholders eligible to apply for the equity shares in the upcoming Rs 25,000 crore rights issue.
Earlier, the company had received approval from Securities and Exchange Board of India (SEBI) for 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 an additional Rs 7,000 crore via foreign currency perpetual bond issue.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
