Airtel Triggers ₹15,700 Crore Final Call, Moving India Business Toward Net Debt-Free Status

’s board has approved the first and final call of ₹401.25 per share on the unpaid portion of its ₹21,000‑crore rights issue, enabling it to tap the remaining roughly ₹15,700 crore from investors. The call applies to the outstanding partly paid rights equity shares issued in the 2021 offer, and will be collected within the stipulated window in 2026, after a record date is fixed to determine eligible holders.​ The company plans to use these proceeds mainly to prepay or repay borrowings and for general corporate purposes, which, along with strong internal cash generation, is expected to leave its India business effectively net debt‑free, excluding statutory dues and lease liabilities. For shareholders in the partly paid line, the move is both an obligation (to pay up and avoid forfeiture) and an opportunity to convert into fully paid shares of a telecom operator that has been reporting robust revenue growth and profitability. Source: The Hindu No Recommendations