Airtel's paid-up share capital rises to Rs 2,565 crore after rights issue allotment

The company recently concluded about Rs 25,000 crore rights issue

By PTI  
Friday, May 24, 2019

Telecom operator Bharti Airtel said Friday that its paid-up equity share capital has increased to Rs 2,565.4 crore comprising about 513 crore shares, after the right issue share allotment.

"Accordingly, pursuant to the...allotment, the paid-up equity share capital of the company has increased to Rs 25,654,955,910 consisting of 5,130,991,182 fully paid-up equity shares of Rs 5 each," Bharti Airtel said in a BSE filing.

The company recently concluded about Rs 25,000 crore rights issue.

Bharti Airtel said that after finalisation of basis of allotment of the rights issue in consultation with the designated stock exchange, the special committee of directors for fundraising at its meeting on Friday considered and approved the allotment of 113.3 crore rights equity shares at a price of Rs 220 per share, including a premium of Rs 215.

The filing, however, did not give out details of the entities that the shares were allotted to.

Also Read: Arun Jaitley unlikely to continue as finance minister in PM Modi's new term: Sources

Also Read: Election results: When is Narendra Modi's swearing-in ceremony; who will be on guest list?

Also Read: UK Prime Minister Theresa May resigns, paving way for Brexit confrontation with EU

Related Stories

Niti Aayog meet: CMs demand more central funds to deal with agri distress
Niti Aayog meet: CMs demand more central funds to deal with agri distress
Pakistan's economy on a downward spiral; here's why
Pakistan's economy on a downward spiral; here's why
Facebook gets big firms on board! Uber, PayPal, Visa, Mastercard to invest $10 million each in Bitcoin rival Libra
Facebook gets big firms on board! Uber, PayPal, Visa, Mastercard to invest $10 million each in Bitcoin rival Libra

Latest Stories

Election Commission announces bypolls to six Rajya Sabha seats
Election Commission announces bypolls to six Rajya Sabha seats
Fortis Healthcare scraps plan to sell stake in RHT Health Trust, RHTTM
Fortis Healthcare scraps plan to sell stake in RHT Health Trust, RHTTM
Export sector vital for boosting income and employment: PM Modi at Niti Aayog meet
Export sector vital for boosting income and employment: PM Modi at Niti Aayog meet
SPONSORED