In a meeting held on Friday, the board of directors of Bharti Airtel approved the biggest rights issue worth Rs. 25,000 crore which is set to open o May 3 and close on May 13.
"The last date for receiving a request for split application form (is) May 10, 2019," the filing said.

To know the eligibility of shareholders who can participate in the issue, the telecom major has fixed April 24 as the 'record date'.

In the issue, the company will issue fully-paid up equity shares at a price of Rs. 22 per share and an additional Rs. 7000 crore via a foreign currency perpetual bond issue.

The company will put the proceeds from the issue to continue investments in future launches, create large network capacity as well as content and technology tie-ups for ensuring strong customer-experience.

GoodReturns.inIn a meeting held on Friday, the board of directors of Bharti Airtel approved the biggest rights issue worth Rs. 25,000 crore which is set to open o May 3 and close on May 13.
"The last date for receiving a request for split application form (is) May 10, 2019," the filing said.

To know the eligibility of shareholders who can participate in the issue, the telecom major has fixed April 24 as the 'record date'.

In the issue, the company will issue fully-paid up equity shares at a price of Rs. 22 per share and an additional Rs. 7000 crore via a foreign currency perpetual bond issue.

The company will put the proceeds from the issue to continue investments in future launches, create large network capacity as well as content and technology tie-ups for ensuring strong customer-experience.

GoodReturns.in