Airtel rights entitlement price could be Rs 60-70 per share: Analysts

Existing shareholders of telecom major Bharti Airtel may be able to sell their rights entitlement (RE) between Rs 60 and Rs 70 per unit, according to analysts’ calculation based on the current market price and rights issue price. To be sure, the value of RE could change in the run up to the rights issue allotment depending on how the shares of the telecom major behave over the coming month.

Airtel on Sunday announced a fund raise of Rs 21,000 crore by way of rights issue, which is structured on the lines of highly successful Rs 53,125-crore rights issue by