Bharti Airtel Ltd allots equity shares upon conversion of USD 1,000 million 1.50% FCCBs

Upon receipt of notice for conversion of FCCBs of principle value of USD 6,100,000 from certain holders of FCCBs, the Special Committee of Directors for Fund Raising has, on January 19, 2023, approved the allotment of 843,302 fully paid-up equity shares of face value INR 5/- each at a conversion price of INR 521/- per equity share to such holders of FCCBs.

Consequent to the above:

a) Paid-up equity share capital of the Company stands increased to INR 28,358,429,287.50 divided into 5,573,613,942 fully paid-up equity shares of INR 5/- each and 392,287,662 partly paid-up equity shares of INR 5/- each (paid-up value INR 1.25/- each); and

b) Outstanding principal value of FCCBs, as listed at Singapore Exchange Limited, stands reduced to USD 924.70 million.

Shares of Bharti Airtel Limited was last trading in BSE at Rs. 771.90 as compared to the previous close of Rs. 776.85. The total number of shares traded during the day was 45533 in over 3815 trades.

The stock hit an intraday high of Rs. 775.95 and intraday low of 765.75. The net turnover during the day was Rs. 35100143.00.

Source : Equity Bulls

Keywords

BhartiAirtel INE397D01024 TelecomServices FundRaising SharesAllotment FCCBConversion