Bharti Airtel Limited Rights Issue, Price, Date and Others Details

Bharti Airtel RIGHTS ISSUE is OF UP TO 39.23 crores PARTLY PAID-UP EQUITY SHARES OF FACE VALUE OF ₹5/-EACH AT A PRICE OF ₹535/-PER EQUITY SHARE (INCLUDING A PREMIUM OF ₹530/-PER EQUITY SHARE (“RIGHTS EQUITY SHARES”) FOR  AN AMOUNT UP TO ₹20,987.39 Crores ON A RIGHTS BASIS TO THE ELIGIBLE EQUITY SHAREHOLDERS OF Bharti Airtel Rights Issue(“THE COMPANY” OR THE “ISSUER”) IN THE RATIO OF 1 RIGHTS EQUITY SHARES FOR EVERY 14 FULLY PAID-UP EQUITY  SHARES HELD BY SUCH ELIGIBLE EQUITY SHAREHOLDERS ON THE RECORD DATE of issue is ON September 28, 2021.
Bharti Airtel Rights Issue

Bharti Airtel Rights Issue Detail

Issue Open Oct 5, 2021 – Oct 21, 2021
Security Name Bharti Airtel Limited
Issue Size (Shares) 39.23 Crores
Issue Size (Amount) ₹20,987.39 Crores
Issue Price ₹535 per share
Face Value ₹5 per share
Minimum Lot size 1
Market Lot 1 per share
Listing At BSE & NSE
Terms of Payment On application, the investors will have to pay ₹ 133.75

per rights equity share which constitutes 25% of the issue price.

The balance ₹ 401.25 per rights equity share which constitutes

75% of the issue price, will have to be paid on two more additional

calls as may be decided by the board/ committee of the board from time to time.

Entitlement 1 Rights Equity Share for every 14 Equity
Shares held on the Record Date

 

Bharti Airtel Right Issue Time Table

Bid/Offer Opens On Oct 05, 2021
Bid/Offer Closes On Oct 21, 2021
Record Date Sep 28, 2021
Deemed Date of Allotment Oct 28, 2021

 

Company Financials

Particulars For the year/period ended (₹ in Million)
31-Mar-20 31-Mar-19
Total Assets 0 0
Total Revenue 0 0
Profit After Tax 0) 0

 

About Bharti Airtel

Incorporated in 1995, Airtel is the world’s second-largest provider of telecommunications services, based on total mobile connections on the sum of consolidated subsidiaries. The company approximately has 474 million customers globally and is present in 18 countries across Asia and Africa.

The company’s retail portfolio includes high-speed 4G/4.5G mobile broadband, Airtel Xstream Fiber, streaming services, digital payments, and financial services. The company offers a wide range of solutions that includes secure connectivity, cloud and data center services, cyber security, Internet of Things, and cloud-based communication for enterprise customers. These services are covered under the company’s brand – “Airtel”. Another brand of the company – “Airtel Money”, includes financial inclusion products and offers the convenience of payments and money transfers. The brand renders services across all 14 countries in Africa.

As of June 30, 2021, the company operates a global fiber network covering over 365,000 km, and 332,542 km of optical fiber covering in India. The company is further investing in building data capabilities to attract new customers and had increased its mobile base stations from approximately 503,883 in FY’ 2020 to 606,783 at the end of FY’ 2021.

 

Bharti Airtel Issue Documents

  • Letter Of Offer
  • Application Form

 

Bharti Airtel Right Issue Registrar

 

KFintech Private Limited
Phone: 04067162222, 04079611000
Email: bhartiairtel.rights@kfintech.com
Website: https://karisma.kfintech.com/

 

Bharti Airtel Right Issue Lead Manager

1) Saffron Capital Advisors Private Limited

 

Bharti Airtel Rights Issue FAQs

  1. When is Bharti Airtel Rights Issue coming?

    The Bharti Airtel Rights Issue opens on Oct 05, 2021, and closes on Oct 21, 2021.

  2. What is the schedule for Bharti Airtel Rights Issue?

    Bharti Airtel Rights Issue Schedule

    Last Date for credit of Rights Entitlements Oct 04, 2021
    Last Date for renunciation of Rights Entitlements Oct 14, 2021
    Issue Opening Date Oct 05, 2021
    Issue Closing Date Oct 21, 2021
    Date of Allotment (on or about) Oct 28, 2021
    Date of Credit (on or about) Oct 29, 2021
    Date of Listing (on or about) Nov 01, 2021
  3. What is the issue price for Bharti Airtel Rights Issue?

     

    Bharti Airtel Rights Issue price is set at ₹535 per share per equity share.

     

  4. In what ratio is the Bharti Airtel Rights Issue offered?

     

    The eligible shareholders are being offered 1 Rights Equity Share for every 14 Equity Shares held on the Record Date (Sep 28, 2021).

     

  5. What is the record date for Bharti Airtel Rights Issue?

     

    The record date for the Bharti Airtel Rights Issue is Sep 28, 2021.

     

  6. What is the issue size of Bharti Airtel Rights Issue?

     

    The issue size of Bharti Airtel Rights Issue is of  39.23 Crores equity shares at ₹535 per share aggregating up to ₹20,987.39 Crores.

     

  7. Where can I get the Letter of Offer for Bharti Airtel Rights Issue?

     

    The Letter of Offer for Bharti Airtel Rights Issue can be download here.

     

  8. How to apply for Bharti Airtel Rights Issue?

     

    You can apply for Bharti Airtel Rights Issue in two ways:

    1. Net Banking (ASBA)
    2. Registrar’s Website (R-WAP Facility)

    Steps to apply for Bharti Airtel Rights Issue using Net Banking (ASBA)

    1. Log in to the net banking account of your bank.
    2. Go to the ‘IPO & Rights Issue’ section.
    3. Check if the Bharti Airtel Rights Issue available on the list.
    4. Click the Apply button next to the Shoppers Stop Rights Issue.
    5. Fill in and check your information.
    6. Submit the application.

    Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

    Steps to apply for 

      1. Visit the registrar’s website
      2. Go to the ‘Rights Issue’ section
      3. Select Bharti Airtel Rights Issue from the dropdown.
      4. Enter Demat Account Number.
      5. Fill the online application form.
      6. Validate and submit the application.

    Bharti Airtel

     

  9.  Rights Issue using Registrar’s website (R-WAP)

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