tiprankstipranks
Trending News
More News >

Bharti Airtel Converts Bonds to Equity, Boosts Capital

Story Highlights
Bharti Airtel Converts Bonds to Equity, Boosts Capital

Confident Investing Starts Here:

An announcement from Bharti Airtel Limited ( (IN:BHARTIARTL) ) is now available.

Bharti Airtel Limited announced the allotment of 2,887,764 equity shares following the conversion of USD 20.648 million worth of 1.50% convertible bonds due in 2025. This conversion raises the company’s paid-up equity share capital and reduces the outstanding FCCB principal value significantly, indicating strengthened financial positioning.

More about Bharti Airtel Limited

Bharti Airtel Limited, part of Bharti Enterprises, is a leading global telecommunications company based in India. It provides a broad range of services including mobile, broadband, and digital TV, with a significant focus on expanding its market across various regions.

YTD Price Performance: 5.12%

Average Trading Volume: 213,267

Current Market Cap: 10214.6B INR

Learn more about BHARTIARTL stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App