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