When will Shashwat Sharma become the new CEO of Bharti Airtel?

Shashwat Sharma will become the new CEO of Bharti Airtel starting January 1.

How much money will Bharti Airtel raise from its rights issue?

Bharti Airtel will call the remaining ₹15,740 crore from its rights issue, adding to the ₹5,247 crore already raised.

What is Bharti Airtel's strategy behind calling the remaining rights issue funds?

The company's strategy is to cut debt and strengthen its overall balance sheet.

Home / Business and Economy / Airtel Calls Remaining Rights Issue Funds

Airtel Calls Remaining Rights Issue Funds

19 Dec

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Summary

Bharti Airtel board approved calling remaining ₹15,740 crore from rights issue.
Shashwat Sharma to become new CEO, Gopal Vittal transitions to executive vice chairman.
Company aims to cut debt and strengthen its balance sheet with these funds.

Airtel Calls Remaining Rights Issue Funds

Bharti Airtel's board has greenlit the call for the remaining ₹15,740 crore from its rights issue, a move designed to significantly cut debt and fortify the company's financial standing. This decision reinforces Airtel's commitment to a strong balance sheet amidst evolving market dynamics.

In conjunction with the financial move, the company announced a key leadership transition. Shashwat Sharma is set to take over as the Chief Executive Officer on January 1, succeeding Gopal Vittal, who will transition to the role of executive vice chairman. Akhil Garg has been appointed as the new Chief Financial Officer.

The rights issue, initially launched in 2021, has a record date of February 6, 2026, for eligible holders of partly paid-up shares to pay the final call. This strategic infusion of capital is expected to make Airtel's India operations effectively net-debt free, excluding specific regulatory liabilities.