Bharti Airtel - Raising Funds To Fuel Future Growth: Axis Securities
A pedestrian looks up while walking past a Bharti Airtel Ltd. store in Mumbai. (Photographer Dhiraj Singh/Bloomberg)

Bharti Airtel - Raising Funds To Fuel Future Growth: Axis Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Axis Securities Report

Bharti Airtel Ltd.’s board has approved rights issue of up to Rs 21,000 crore with the following terms of the Issue:

  1. rights issue price: Rs 535/- per fully paid-up equity share (including a premium of Rs 530/- per equity share).

  2. terms of payment of issue price: 25% on application and balance in two more additional calls based on Bharti Airtel’s requirements within an overall time horizon of 36 months.

  3. rights entitlement ratio: one equity share for every 14 equity shares held by eligible shareholders as on the record date.

  4. the promoter and promoter group will collectively subscribe to the full extent of their aggregate rights entitlement. In addition, they will also subscribe to any unsubscribed shares in the Issue.

Click on the attachment to read the full report:

Axis Securities Bharti Airtel Event Update.pdf

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