Bharti Airtel’s Right Issue to open this week – what investors should know
Bharti Airtel’s special committee of directors on September 22, 2021, has approved the record, opening, and closing date of the Right Issue.
Bharti Airtel’s special committee of directors on September 22, 2021, has approved the record, opening, and closing date of the Right Issue.
The company earlier last month had decided to raise at least Rs 21000 crore through multiple fund raising options.
Rights Issue Size
The total number of Rights Issue size up to 392,287,662 equity shares for an amount aggregating up to Rs 20,987.39 crores.
Image Source: Reuters
Record Date of Rights Issue
Tuesday, September 28, 2021, for the purpose of determining the shareholders who shall be eligible to receive the rights entitlement in the Issue.
Image Source: Reuters
Issue Period
a) Issue Opening Date: Tuesday, October 05, 2021, and b) Issue Closing Date: Thursday, October 21, 2021.
Image Source: PTI
Expert's View
Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Sevices said, "Bharti Airtel's rights issue at Rs 535 a share is attractively priced considering the current market price of around Rs 730."
Image Source: PTI