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Four big funding houses subscribe for Airtel’s rights issue

May 20, 2019
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As per industry sources, four large financial institutions have subscribed for Bharti Airtel’s rights issue worth Rs 250 billion. This includes Franklin Templeton MF, ICICI Prudential MF, SBI MF and HDFC MF.

Earlier Airtel had reported that its rights issue has been over-subscribed.

The rights issue was priced at Rs 220 apiece. The company issued 1.14 billion shares, increasing its equity base to 5.13 billion shares. The rights entitlement ratio was 19 shares for every 67 held.

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