General Announcement::Intimation on adjustment to the Conversion Price of FCCBs

Issuer & Securities

Issuer/ Manager
BHARTI AIRTEL LIMITED
Securities
BHARTIAIRLTDUS$1B4.375%250610R - USY0889VAA80 - 31BB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
24-Nov-2022 19:47:22
Status
New
Announcement Sub Title
Intimation on adjustment to the Conversion Price of FCCBs
Announcement Reference
SG221124OTHRUZRI
Submitted By (Co./ Ind. Name)
Rohit Krishan Puri (For Bharti Airtel Limited)
Designation
Dy. Company Secretary & Compliance Officer
Effective Date and Time of the event
24/11/2022 17:15:00
Description (Please provide a detailed description of the event in the box below)
In reference to the final dividend of INR 3/- per fully paid-up equity share of face value INR 5/- each and INR 0.75/- per partly paid-up equity share of face value INR 5/- each (paid-up INR 1.25 per share) for the financial year 2021-22, as recommended by the Board of Directors of the Company on May 17, 2022 and declared by the Shareholders of the Company in their Annual General Meeting held on August 12, 2022, an adjustment to the Conversion Price of FCCBs is required as per the terms & Conditions [Clause 6.3.4(ii)] of the Offering Circular dated January 14, 2020 issued by the Company in this regard.

Accordingly, consequent to the above, the Conversion Price stands adjusted to INR 521/- per fully paid-up equity share (from INR 523/-) in accordance with the aforesaid terms & conditions.

The Company reserves all rights with respect to further adjustments to the Conversion Price relating to the any of the events specified in the Offering Circular. All capitalized terms used herein and not defined shall bear the same meaning as set forth in the Offering Circular.

Attachments

SGX FCCB Intimation.pdf
Total size =3332K