Airtel allocates equity worth Rs 710 million to foreign debt bond holders

In a regulatory filing, Bharti Airtel disclosed that it has approved the allotment of equity worth $8.6 million (about Rs 710 million) to those holding its foreign debt bonds issued in January 2020. To this end, the operator noted that it has approved the allotment of 1,188,917 fully paid-up equity shares of face value Rs 5 each at a conversion price of Rs 521 per equity share to such holders of foreign currency convertible bonds.