Saraswati Commercial Converts Partly Paid-Up Equity Shares of Bharti Airtel into Fully Paid-Up Shares worth Rs. 23.56 Crores

Saraswati Commercial India Ltd. has converted its partly paid-up equity shares of Bharti Airtel Limited into fully paid-up equity shares, following the payment of the first and final call of Rs. 401.25 per share. This conversion amounts to Rs. 23,56,18,815 (Rupees Twenty-Three Crore Fifty-Six Lakh Eighteen Thousand Eight Hundred and Fifteen only) for 5,87,212 shares. The converted shares will be credited to the company’s demat account and listed on the stock exchanges, subject to Bharti Airtel Limited completing necessary formalities and obtaining requisite approvals.