Airtel sets 24 April as record date for ₹25,000 crore rights issue

New Delhi: Telecom operator Bharti Airtel has fixed 24 April as the ‘record date’ to determine shareholders eligible to apply for the equity shares in the upcoming ₹25,000 crore rights issue.

In a regulatory filing, Airtel said the committee (Special Committee of Directors for Fund Raising) at its meeting held on Wednesday “has fixed the record date for the purpose of determining the shareholders eligible to apply for the equity shares in the rights issue on Wednesday, April 24, 2019”.

Bharti Airtel is learnt to have already received market regulator Securities and Exchange Board of India (Sebi’s) approval for the rights issue. The board of the company had approved the rights issue proposal in February.