Bharti Airtel has received approval for allotment of 71,176,839 equity shares of the face value of Rs 5 each fully paid up, on preferential basis to Google International LLC (Google) at an issue price of Rs 734 per equity share (including a premium of Rs 729 per equity share). Google will hold 1.20% of the total post-issue equity shares of the company (1.17% on fully-diluted basis). Paid-up equity share capital of the company stands increased to Rs 28,306,517,827.50 divided into 5,563,231,650 fully paid-up equity shares of Rs 5 each and 392,287,662 partly- paid-up equity shares of Rs 5 each (paid-up value Rs 1.25 each). The 'Special Committee of Directors for Preferential Allotment' at their meeting held on July 14, 2022 has approved and allotted the same.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
