Bharti Airtel climbs 2% as rights issue over-subscribed

NEW DELHI: Shares of Bharti Airtel climbed over 2 per cent in morning trade on Monday after the firm on Friday informed bourses that its Rs 25,000 crore rights issue has been over-subscribed as per the preliminary information received.

The company’s rights issue, which had opened on May 3, closed for subscription on Friday.

“The company would like to bring to your notice that, based on preliminary information received, the rights issue has been over-subscribed,” the company said in a regulatory filing.