Bharti Airtel Ltd has informed that pursuant to the terms and conditions of the Offering Circular dated May 12, 2004, the Committee of Board of Directors of the Company, in its meeting held on May 01, 2009, has allotted 65,385 fully paid equity shares of the Company upon conversion of USD 350,000 FCCBs.
The Committee of Directors has also allotted 6,075 equity shares to the employees upon exercise of stock options pursuant to ESOP Scheme 2005 of the Company in the following manner:
- 4,800 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 221/-
- 525 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 357/-
- 750 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 390/-
With the allotment of the above shares the equity base of the Company stand increased from present level of 1,898,239,796 (Nos.) to 1,898,311,256 (Nos.) equity shares of Rs 10/- each.
The Committee of Directors has also allotted 6,075 equity shares to the employees upon exercise of stock options pursuant to ESOP Scheme 2005 of the Company in the following manner:
- 4,800 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 221/-
- 525 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 357/-
- 750 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 390/-
With the allotment of the above shares the equity base of the Company stand increased from present level of 1,898,239,796 (Nos.) to 1,898,311,256 (Nos.) equity shares of Rs 10/- each.
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