Bharti Airtel Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
BHARTIARTL · price
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Bharti Airtel has submitted its quarterly monitoring report for the First and Final Call proceeds from the October 2021 Rights Issue. The company received Rs. 15,695.98 Crores (99.7% collection rate) from 391.2 million shares during the March 2-16, 2026 payment window. Axis Bank as monitoring agency confirms no deviation in fund utilization. All three stated objects are being funded as per the offer document: DoT AGR dues (Rs. 8,274 crore), repayment of bank borrowings (Rs. 2,396 crore), and general corporate purposes (Rs. 5,026 crore). Unutilized funds are temporarily invested in fixed deposits with SBI and Axis Bank earning 3-7.25% returns.
Positive signal for shareholders - the rights issue proceeds are being deployed exactly as committed with no deviations, and the near-complete collection rate shows strong shareholder participation. This filing confirms regulatory compliance and proper fund management.