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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.
Issue Open | October 5, 2021 - October 21, 2021 |
Security Name | Bharti Airtel Limited |
Issue Size (Shares) | 392,287,662 |
Issue Size (Amount) | ₹20,987.39 Crores |
Issue Price | ₹535 per share |
Face Value | ₹5 per share |
Listing At | |
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. |
Record Date | September 28, 2021 |
Credit of Rights Entitlements | October 4, 2021 |
Bid/Offer Opens On | October 5, 2021 |
Renunciation of Rights Entitlements | October 14, 2021 |
Bid/Offer Closes On | October 21, 2021 |
Deemed Date of Allotment | October 28, 2021 |
Credit Date | October 29, 2021 |
Listing Date | November 1, 2021 |
Particulars | For the year/period ended (Rs.in Millions) | ||
---|---|---|---|
31-Mar-21 | 31-Mar-20 | ||
Total Assets | 3,460,278 | 3,607,790 | |
Total Income | 1,012,586 | 862,122 | |
Profit After Tax | (123,640) | (306,642) |
Bharti Airtel Limited
Airtel Center, Plot No. 16,
Udyog Vihar, Phase-IV,
Gurugram, Haryana, 122 015, India
Phone: +91 12 4422 2222
Email: compliance.officer@bharti.in
Website: https://www.airtel.in/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bhartiairtel.rights@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
The Bharti Airtel Rights Issue opens on October 5, 2021, and closes on October 21, 2021.
Bharti Airtel Rights Issue Schedule
Last Date for credit of Rights Entitlements | October 4, 2021 |
Last Date for renunciation of Rights Entitlements | October 14, 2021 |
Issue Opening Date | October 5, 2021 |
Issue Closing Date | October 21, 2021 |
Date of Allotment (on or about) | October 28, 2021 |
Date of Credit (on or about) | October 29, 2021 |
Date of Listing (on or about) | November 1, 2021 |
Bharti Airtel Rights Issue price is set at ₹535 per share per equity share.
The eligible shareholders are being offered 1 Rights Equity Share for every 14 Equity Shares held on the Record Date. (September 28, 2021).
The record date for the Bharti Airtel Rights Issue is September 28, 2021.
The issue size of Bharti Airtel Rights Issue is of 392,287,662 equity shares at ₹535 per share aggregating upto ₹20,987.39 Crores.
The Letter of Offer for Bharti Airtel Rights Issue can be download here.
You can apply for Bharti Airtel Rights Issue in two ways:
Steps to apply for Bharti Airtel Rights Issue using Net Banking (ASBA)
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 Bharti Airtel Rights Issue using Registrar's website (R-WAP)
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How to solve this issue. Can you advise whom to
approch and how to solve
Dhanireddy Kulayireddy.