Mail Today|January 16, 2020
“The company...will issue 32,35,95,505 equity shares of face value of Rs 5 per equity share at a price of Rs 445 which implies a discount of 1.57 per cent on the SEBI (Securities and Exchange Board of India) determined floor price of Rs 452.09 per equity share,” said the Airtel statement.
The $1 billion was raised through Foreign Currency Convertible Bonds, it said. FCCBs are debt instruments denominated in a foreign currency which can be converted into shares.
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January 16, 2020