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BHARTIARTL
’s board has approved the first and final call of ₹401.25 per share on 39.23 crore partly paid rights shares, with February 6, 2026 set as the record date and the payment window running from March 2–16. Trading in these partly paid shares will be suspended from the record date, after which fully paid equity will reflect the enhanced paid-up capital.
The call proceeds will primarily be used to prepay or repay borrowings and for general corporate purposes, with management indicating that, along with organic cash generation, this should make the India operations effectively net debt-free, excluding DoT dues and lease liabilities. For existing holders, the payment is compulsory if they wish to avoid forfeiture, but it also represents a structured way to increase exposure to a telecom franchise that has delivered 29% returns over the last year and is riding strong profit and revenue growth.
Source: The Economic Times
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