Bharti Airtel Rs 21,000 crore rights issue - Board APPROVES company's capital raising plans - issue price of Rs 535 per equity share
In a BSE filing, Airtel said that the "board approved the issuance of equity shares of face value of Rs 5 each of the company on rights basis to eligible equity shareholders of the company as on the record date (to be notified later), of an issue size of up to Rs 21,000 crores"
The rights entitlement ratio entails 1 equity share for every 14 equity shares held by eligible shareholders as on the record date. Source: Reuters