Sign up for the Race/Related Newsletter join a deep and provocative exploration of race identity and society with New York Times journalists. Get it sent to your inbox.
On preferential basis
Bharti Airtel has allotted 71,176,839 equity shares of the face value of Rs. 5/- each fully paid up, on preferential basis to Google International LLC (Google) at an issue price of Rs. 734/- per equity share (including a premium of Rs. 729 per equity share).
As an outcome of the aforesaid allotment:
a) Google will hold ~1.20% of the total post-issue equity shares of the Company (~1.17% on fully-diluted basis); and
b) Paid-up equity share capital of the Company stands increased to Rs. 28,306,517,827.50 divided into 5,563,231,650 fully paid-up equity shares of Rs. 5 each and 392,287,662 partly- paid-up equity shares of Rs. 5 each (paid-up value Rs. 1.25 each).
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
