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BHARTI AIRTEL LTD. - Announcement under Regulation 30 (LODR)-Allotment
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22 Mar 2021
In furtherance to the communication dt. February 17, 2021 and March 19, 2021, we wish to inform you that the &apos;Special Committee of Directors for Fund Raising&apos; of the Company has, at its meeting held today, i.e., March 22, 2021, approved the allotment of 36,469,913 (Thirty Six Million Four Hundred Sixty Nine Thousand Nine Hundred and Thirteen) equity shares of the face value of Rs. 5 (Rupees Five) each fully paid up, on a preferential basis to Lion Meadow Investment Ltd., an affiliate of Warburg Pincus LLC (&apos;Lion Meadow&apos;) at an issue price of 600/- (Rupees Six Hundred) per equity share (including a premium of Rs. 595 per equity share) as partial consideration other than in cash against the acquisition of 102,040,000 equity shares, constituting 20% of the equity share capital of Bharti Telemedia Limited, by the Company from Lion Meadow. &lt;BR&gt; &lt;BR&gt; We request you to take the same on record.
View all announcements for BHARTI AIRTEL LTD. Source: BSE India