Bharti Airtel Limited — QIP/Rights/Pref., 26-11-2024: Allotment of Securities

Bharti Airtel Limited has approved the allotment of 489,498 fully paid-up equity shares at a conversion price of INR 515 per share, following a conversion request for USD 3.50 million from holders of its USD 1,000 million 1.50% Convertible Bonds due 2025. This conversion increases the company’s paid-up equity share capital to INR 28,964.52 crore, divided into 5,694.83 crore fully paid-up equity shares. The outstanding principal value of the convertible bonds is now reduced to USD 52.20 million, enhancing the company's capital structure.