Bharti Airtel - Allotment Of Equity Shares

Bharti Airtel Ltd has informed that the Allotment Committee of Directors of the Board of the Company at its meeting held on November 06, 2007, has allotted 128,367 fully paid up equity shares of the Company in the following manner:

- 42,967 equity shares upon conversion of USD 230000 FCCBs pursuant to the terms and conditions of the Offering Circular dated May 12, 2004.

- 85,400 Equity Shares to the employees upon exercise of stock options pursuant to ESOP Scheme 2005 of the Company in the following manner:

- 67,050 fully paid up equity shares of Rs 10/- each at an exercise price of Rs 221/-

- 4,950 fully paid up equity shares of Rs 10/- each at an exercise price of Rs 313/-

- 525 fully paid up equity shares of Rs 10/- each at an exercise price of Rs 357/-

- 700 fully paid up equity shares of Rs 10/- each at an exercise price of Rs 366/-

- 11,650 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 390/-

- 525 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 412/-

With the allotment of the above shares the equity base of the Company stand increased from present level of 1897708229 (Nos.) to 1897836596 (Nos.) Equity shares of Rs 10/- each.