Bharti Airtel board approves ₹401.25 call on rights issue
after close1 source ↓written by the desknot a recommendation
- partly paid-up equity
- 39.2 crore
- rights issue
- ₹15,700 crore
The board of Bharti Airtel has approved a final call of ₹401.25 per share on 39.2 crore partly paid-up equity shares, part of a ₹15,700 crore rights issue. Proceeds will primarily fund debt repayment and corporate purposes, aiming to make India operations net debt-free soon, excluding DoT liabilities.
Not investment advice. For informational purposes only.