BHARTI AIRTEL WILL ALLOT 38.6 LAKH EQUITY SHARES TO CERTAIN FCCB HOLDERS

On Friday, Bharti Airtel announced its decision to allocate 38.6 lakh equity shares to specific FCCB holders at a conversion price of Rs 518 per equity share. This action follows the receipt of notices for the conversion of FCCBs (Foreign Currency Convertible Bonds) totaling a principal value of USD 27,795,000 from the FCCB holders. Consequently, the company's paid-up equity share capital has been increased. The telco's committee of directors for fundraising had approved the allotment of shares to these FCCB holders on Thursday.

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