The board of directors of Bharti Tele Ventures, which met today, issued 1,45,38,078 equity shares of the company to Shyam Cellular Infrastructure Projects (SCIPL).According to a release issued by Bharti to the BSE today, the shares have been issued to SCIPL upon conversion of optionally convertible redeemable debentures (OCRDs) of Rs 272.65 crore, which were issued to it last year as part of consideration for acquisition of 67.5% stakeof Shyam Group in Hexacom India - the holder of licences for Rajasthan & the North-East Circle.
