Bharti Airtel Rights
The rights offering of the country's leading telecom company Bharti Airtel will open today on 5 October 2021 and can close on 21 October 2021. consistent with the knowledge given by the corporate to the stock exchanges, the record date for the eligibility of the rights offering has been rooted on September 28.
The board of directors of Bharti Airtel had endorsed up to Rs 21,000 crore through rights offering last month i.e. on August 29. the difficulty price of the rights issue has been fixed at Rs 535 fully paid-up equity share, which includes a premium of Rs 530 per share.
Rs 21,000 crore issue The company has said during a regulatory filing that the Board has decided to issue equity shares of face value of Rs 5 each of the corporate on a right basis to eligible equity shareholders of the company as on record date (notified later) for issue size of up to Rs 21,000 crore. has been approved.
Experts related to the stock market say that new shares are issued to the prevailing shareholders of an organization during a hard and fast amount. allow us to tell you that the rights issue is resorted to by the companies to spice up money. The rights issue is sold according to the number of shares held by the shareholders.
Suppose if the rights issue is of 2:5, then under this, 2 rights shares are getting to be sold to the investor for every 5 shares. Experts say that to make the rights offering attractive to investors, their prices are kept low. This suggests that the investor can purchase shares at a less expensive price through a rights offering
Experts say that the shareholders are given a discount within the rights issue by the company . However, the rights issue affects the share base of the company and also increases the equity base of the company The difficulty of rights offering increases the liquidity of the company's shares on the stock market At an equivalent time, there's no change within the ownership of the corporation .
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