Bharti Airtel Converts 460,833 Partly-Paid Shares to Fully-Paid

Bharti Airtel Ltd has announced the conversion of 460,833 partly paid-up equity shares into fully paid-up equity shares. This follows the receipt of the First and Final Call payment of INR 401.25 per share from eligible shareholders, amounting to an aggregate of INR 190.32 million. The conversion, approved by the Special Committee of Directors for Rights Issue, will see these shares, with a face value of INR 5 each, converted into fully paid-up shares under an existing ISIN. These converted shares will rank pari passu with existing fully paid-up shares and will be available for trading on stock exchanges. The company also noted that reminder notices will be issued for the remaining 649,835 partly paid-up shares where the call amount remains unpaid. This conversion increases the company's paid-up equity share capital.