Bharti Airtel raises Rs 5246.85 crore in first tranche of Rs 21,000-cr rights issue

NEW DELHI: Bharti Airtel has raised Rs5246.85 crore in the first tranche of its Rs21,000-crore rights issue with its board clearing the allotment of 392,287,662 rights equity shares to eligible applicants, with Rs 133.75 paid on application. The balance amount of the issue is to be paid in two more additional calls as may be decided by India’s second largest telco as part of the issue.

“Accordingly, pursuant to the aforesaid allotment, the paid-up equity share capital of the company has increased from Rs 27,460.14 million to 27,950.49 million, consisting of 5,492,027,268 fully paid-up equity shares of Rs. 5 each and 392,287,662 partly paid-up equity shares (Rs. 1.25 partly paid-up),” the carrier said in a statement to the stock exchanges Wednesday.