Bharti Airtel rights issue subscribed 1.44 times

Bharti Airtel rights issue opened on October 5 and the company had fixed September 28 as the record date for rights entitlement.

Published: 22nd October 2021 11:19 AM  |   Last Updated: 22nd October 2021 11:19 AM   |  A+A-

Airtel

An Airtel billboard (File Photo | AFP)

By PTI

NEW DELHI: Bharti Airtel rights issue to raise up to Rs 20,987.39 crore has been subscribed 1.44 times, the company said on Thursday.

"Based on preliminary information received, we wish to inform you that the rights issue has been subscribed approximately 1.44 times, overbid by both public and promoter/promoter group. The applications received in the rights issue are subject to verification and clearing payments, as applicable, and finalisation of the basis of allotment," the company said in a regulatory filing.

Bharti Airtel rights issue opened on October 5 and the company had fixed September 28 as the record date for rights entitlement. The company's board had on August 29 approved raising up to Rs 21,000 crore by way of the rights issue for Rs 535 per share, including a premium of Rs 230.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp