Bharti Airtel up 3%, hits new high ahead of ex-date for rights issue

Shares of Bharti Airtel hit a new high of Rs 747.6, up 3 per cent on the BSE in Friday’s intra-day trade ahead of ex-date for rights issue on Monday, September 27, 2021. The company’s Rs 21,000-crore rights issue will remain open for subscription between October 5 and October 21.

The telecom services provider has fixed Tuesday, September 28, 2021 for the purpose of determining the shareholders who shall be eligible to receive the rights entitlement in the Issue. The company will issue 1 equity shares of Rs 5 each on rights basis for cash at premium of Rs 530 per share for every 14 equity shares held on the record date.