Airtel’s Rs 25,000 crore rights issue to open on May 3

Bharti Airtel’s rights issue of Rs 25,000 crore will open on May 3 and close on May 17, the company said in a regulatory filing on Friday.

Bharti Airtel has already fixed April 24 as the record date to determine shareholders’ eligibility to apply for the equity shares.

Airtel has announced the rights issue to raise up to Rs 25,000 crore through issuance of fully paid-up shares at a price of Rs 220 per share, and additional Rs 7,000 crore through a foreign currency perpetual bond issue.