Conversion of Partly Paid Up Equity Shares into Fully Paid Up Equity Shares of Bharti Airtel Limited- Update on Acquisition.
ZSARACOM · price
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Saraswati Commercial (India) Ltd, an NBFC, has completed converting 5,87,212 partly paid-up equity shares of Bharti Airtel Limited into fully paid-up shares by paying the first and final call of Rs. 401.25 per share, totaling Rs. 23.56 crore. Bharti Airtel confirmed the conversion on 18 March 2026, and the call money has been debited from Saraswati's bank account. The converted shares represent just 0.01% of Bharti Airtel's share capital and are being held as a financial investment in the ordinary course of business. This is a follow-up to Saraswati's earlier intimation dated 13 March 2026 regarding the payment.
This is a routine investment completion for Saraswati Commercial and unlikely to materially affect its stock price. The 0.01% stake in Bharti Airtel is a small, passive financial investment and does not signal any strategic shift or promoter-level activity.