General Announcement::Intimation on adjustment to the Conversion Price of outstanding 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
25-Aug-2023 02:16:18
Status
New
Announcement Sub Title
Intimation on adjustment to the Conversion Price of outstanding FCCBs
Announcement Reference
SG230825OTHRUQTR
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
24/08/2023 23:50:00
Description (Please provide a detailed description of the event in the box below)
In reference to the final dividend of INR 4/- per fully paid-up equity share of face value INR 5/- each and INR 1/- per partly paid-up equity share of face value INR 5/- each (paid-up INR 1.25 per share) for the financial year 2022-23, as recommended by the Board of Directors of the Company on May 16, 2023 and declared by the Shareholders of the Company in their Annual General Meeting held on August 24, 2023, 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 stands adjusted to INR 518/- per fully paid-up equity share (from INR 521/-).

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

ConversionPriceAdjustment.pdf
Total size =218K