BHARTIARTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bharti Airtel has submitted its quarterly monitoring report for the First and Final Call proceeds from its 2021 Rights Issue. The company received Rs. 15,695.98 crore from 391.2 million partly paid-up equity shares during the payment period (March 2-16, 2026). Axis Bank, acting as the Monitoring Agency, has confirmed there is NO deviation in the utilization of funds. The proceeds were deployed as follows: Rs. 8,274.09 crore for DoT AGR dues, Rs. 860 crore for bank borrowings repayment, and Rs. 5,025.52 crore for general corporate purposes. Unutilized funds of approximately Rs. 1,536.37 crore were held in fixed deposits with SBI and Axis Bank. The Audit Committee and Board reviewed and noted the report on May 13, 2026.
This is a routine positive confirmation for shareholders, indicating that the company has properly utilized the rights issue proceeds as disclosed in the offer document with no deviations or variations. There are no concerns raised by the monitoring agency or auditors.