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

Airtel said the capital infusion will help it continue investments in future roll-outs to build large network capacity

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

Bharti Airtel said its board of directors in a meeting held on Friday approved rights issue which is scheduled to open on May 3 and close on May 17.

“Last date for receiving request for split application form (is) May 10, 2019,” the filing said.

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