Airtel calls Rs 15,800 crore from 2021 rights issue

Bharti Airtel has called in Rs 15,800 crore from shareholders through the final installment on partly paid shares issued under its 2021 rights issue, completing the last stage of a capital raise that was structured to be collected in phases.

The telecom operator has asked investors to pay Rs 401.25 per share on the partly paid shares, with the payment window closing on March 16. Trading in these shares was suspended on February 6 and they are expected to convert into fully paid equity shares by the end of March, after which they will trade on stock exchanges like regular shares.