Bharti Airtel Ltd Share Price – NSE /  BSE

Telecomm-Service, Mid Cap

Bharti Airtel has entered into a Share Purchase Agreement with iBus Network and Infrastructure for transfer of Company's entire stake (i.e. 50%) in Firefly Networks (Firefly). The said transfer is subject to completion of closing conditions. Upon transfer of aforesaid stake, Firefly would cease to be a Joint Venture of the Company.

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As millions of pilgrims and devotees gather in Prayagraj for the Maha Kumbh, Airtel has taken several measures to ensure seamless connectivity for its customers.

Airtel has installed 287 new sites, optimized over 340 existing sites and has laid an additional 74 kilometers of fiber in the city to enhance mobile coverage. Within the Kumbh mela premise, that spans several kilometers, the company has deployed 78 active cell on wheels (COW). These measures will ensure seamless connectivity not only within the mela premise but also cover highways, railway stations, airport, hotels and high footfall areas across the Prayagraj city.

To ensure a quick response for any emergency, Airtel has established 3 war rooms in Jhusi, Arail and Sangam areas. A dedicated disaster management team has been constituted that is equipped with essential resources including extra generators, diesel, and critical equipment, to ensure rapid response in case of any network exigencies.

Additionally, In partnership with the Prayagraj Traffic Police, Airtel has also set up over 780 kiosks at the venue's entry and exit points to effectively manage the large crowds and assist devotees. These kiosks will display essential safety instructions to ensure smooth navigation for the millions attending.

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Bharti Airtel has allotted 4,61,527 equity shares of Rs 5 each at a conversion price of Rs 515 pursuant to conversion of FCCBs.

With this allotment, the paid up equity share capital has increased to Rs 28,971,832,317.50 divided into 5,696,294,548 fully paid-up equity shares of Rs 5/- each and 392,287,662 partly paid-up equity shares of Rs 5/- each (paid-up value INR 1.25/- each); and the outstanding principal value of FCCBs, as listed at Singapore Exchange, stands reduced to USD 41.748 million.

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Bharti Airtel has entered into an agreement for acquisition of 3,78,90,005 (26%) equity shares in AMP Energy Green Three, a special purpose vehicle formed for the purpose of owning and operating the Captive Power Plant, in terms of the regulatory requirement for captive power consumption under electricity laws.

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