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Bharti Airtel Converts Bonds to Equity, Boosts Capital

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Bharti Airtel Converts Bonds to Equity, Boosts Capital

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An announcement from Bharti Airtel Limited ( (IN:BHARTIARTL) ) is now available.

Bharti Airtel Limited announced the allotment of 2,887,764 equity shares following the conversion of USD 20.648 million worth of 1.50% convertible bonds due in 2025. This conversion raises the company’s paid-up equity share capital and reduces the outstanding FCCB principal value significantly, indicating strengthened financial positioning.

More about Bharti Airtel Limited

Bharti Airtel Limited, part of Bharti Enterprises, is a leading global telecommunications company based in India. It provides a broad range of services including mobile, broadband, and digital TV, with a significant focus on expanding its market across various regions.

YTD Price Performance: 5.12%

Average Trading Volume: 213,267

Current Market Cap: 10214.6B INR

Learn more about BHARTIARTL stock on TipRanks’ Stock Analysis page.

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