Bharti Airtel to raise Rs.21,000-Cr via rights issue

Telecom major Bharti Airtel is to raise up to INR 21,000 crore via rights issue at INR 535 per share of fully paid-up equity share (including a premium of INR 530 per equity share). Terms of payment of Issue Price will be 25% on application and balance in two more additional calls within an overall time horizon of 36 months. Rights Entitlement Ratio is kept at 1 equity share for every 14 equity shares held by eligible shareholders.