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

Issuer & Securities

Issuer/ Manager
BHARTI AIRTEL LIMITED
Securities
BHARTIAIRLTDUS$1B1.5%CB250217A - US08860HAB06 - VD4B
BHARTIAIRLTDUS$1B1.5%CB250217R - USY0889VAB63 - 9U2B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
22-Aug-2024 00:15:12
Status
New
Announcement Sub Title
Intimation on adjustment to the Conversion Price of outstanding FCCBs
Announcement Reference
SG240822OTHRMA6S
Submitted By (Co./ Ind. Name)
Rohit Krishan Puri
Designation
Joint Company Secretary & Compliance Officer
Effective Date and Time of the event
21/08/2024 20:00:00
Description (Please provide a detailed description of the event in the box below)
In reference to the final dividend of INR 8/- per fully paid-up equity share of face value INR 5/- each and INR 2/- per partly paid-up equity share of face value INR 5/- each (paid-up INR 1.25 per share) for the financial year 2023-24, as recommended by the Board of Directors of the Company on May 14, 2024 and declared by the Shareholders of the Company in their Annual General Meeting held on August 20, 2024, 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.

In accordance with the aforesaid terms & conditions, the Conversion Price of FCCBs stands adjusted to INR 515/- per fully paid-up equity share (from INR 518/-).

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

FCCB_515_2024.pdf
Total size =357K