Bharti Airtel fixes April 24 as record date for rights issue; stock up 3%

Bharti Airtel had announced rights issue to raise up to Rs 25,000 crore through issuance of fully paid up shares at a price of Rs 220 per share

Bharti Airtel shares were trading higher 3 per cent at Rs 351 on the BSE on Thursday after the telecom services provider fixed April 24 as record date for its proposed Rs 25,000 crore rights issue.

The Committee at its meeting held on April 10, 2019, has fixed the Record Date for the purpose of determining the shareholders eligible to apply for the equity shares in the rights issue on Wednesday, April 24, 2019,” Bharti Airtel said on Wednesday after market hours.

At 11:04 am; Bharti Airtel was the top gainer among S&P BSE Sensex and Nifty 50 stocks.