*Bharti announces right issue timelines*
The right issue will be *opened from 5th to 21st Oct’21*, with record date of 28th Sept.
The partly paid right issue will require *INR133.75 i.e. 25% upfront payment*, while the *rest will be called later in two additional tranches*, the timelines of which are not decided.
** *Quick recap:* Bharti last month announced *right issue of INR210b with 1:14 ratio, implying 7% dilution* at INR535/share. While it was at 10% discount on the announced date, but since the rally in the stock, it is now at 28% discount to CMP of INR727.
By: via @AlliesFin Serve Stock Market
