General Announcement::Allotment of equity shares upon conversion of Foreign Currency Convertible Bonds

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
02-Apr-2024 22:31:15
Status
New
Announcement Sub Title
Allotment of equity shares upon conversion of Foreign Currency Convertible Bonds
Announcement Reference
SG240402OTHRQ9KN
Submitted By (Co./ Ind. Name)
Rohit Krishan Puri (For Bharti Airtel Limited)
Designation
Compliance Officer
Effective Date and Time of the event
02/04/2024 20:01:00
Description (Please provide a detailed description of the event in the box below)
This is in reference to the USD 1,000 million 1.50% Convertible Bonds due 2025 (ISIN USY0889VAA80) issued by the Company vide Offering Circular dated January 14, 2020, convertible into Company s fully-paid up equity shares of INR 5/ each at any time on or after February 27, 2020 and upto the close of business hours on February 07, 2025, at the option of the FCCB holders.

We wish to submit that upon receipt of notices for conversion of FCCBs of principal value of USD 98,996,000 from certain FCCBs holder(s), the Special Committee of Directors for Fund Raising has, today i.e. on April 02, 2024, approved the allotment of 13,765,085 fully paid-up equity shares of face value INR 5/- each at a conversion price of INR 518/- per equity share to such holder(s) of FCCBs.

Attachments

Tranch22STXDisclosure.pdf
Total size =3337K