Bharti Airtel’s Paid-Up Share Capital Rises To Rs 2565 Crore After Rights Issue Allotment

Telecom operator Bharti Airtel said May 24 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 fund raising at its meeting on May 24 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 alloted to.―Money Control