According to a regulatory filing, Bharti Airtel has allotted equity shares worth around Rs 2.46 billion to its foreign debt bond holders that are due for maturity in February 2025.
As per the filing, following allotment of equity against the foreign currency convertible bond (FCCB) the outstanding principal value of FCCBs at Singapore Exchange (SGX) has reduced to $204.69 million.
The filing further noted that paid-up equity share capital of the company stands increased to Rs 28,858,453,702.50 divided into 5,673,618,825 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.
The company had issued $1,000 million 1.5 per cent convertible bonds due 2025 in January 2020 that were convertible into the company’s fully paid-up equity shares.
