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Bharti Airtel informs about outcome of board meeting

28 Jan 2022 Evaluate

Further to the intimation dated January 24, 2022, Bharti Airtel has informed that the Board of Directors of the Company, at its meeting held today January 28, 2022, approved the issuance of upto 71,176,839 equity shares of face value of Rs 5 each of the Company to Google International LLC on a preferential basis in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (‘ICDR Regulations’), as amended and other applicable laws, at a price of Rs 734 per equity share aggregating to Rs 52,243.80 million, subject to the approval of regulatory/ statutory authorities and the shareholders of the Company at the Extraordinary General Meeting. The Board has also authorised the Special Committee of Directors to take actions on all incidental matters related to the aforesaid Issue. The Press Release being issued by the Company in this regard is enclosed. The details, as required to be disclosed under Regulation 30 read with SEBI Circular dated September 09, 2015, are also enclosed as Annexure A. The meeting commenced at IST 0830 Hrs. and concluded at IST 0900 Hrs.

The above information is a part of company’s filings submitted to BSE.

Bharti Airtel Share Price

1845.05 -1.50 (-0.08%)
20-Apr-2026 16:59 View Price Chart
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