Airtel announces Rs 21,000 crore rights issue. Promoters underwrite it. Is it start of Airtel Version 2.0?
The issue is suitably timed given the current bullishness in the overall markets. Issue is also sweetly priced at Rs 535/ share – a 10% discount to the previous day’s closing price. Other salient features of the issue include – Rights will be offered in the ratio of 1:14 25% of the amount will be … Read more