Bharti Airtel: According to a senior sector analyst, BTL’s total payout toward its Airtel rights issue entitlement is estimated at around Rs 8132.6 crore in proportion to its 38.75% stake in the telco. Of this, it paid Rs 1,918 crore on application around two years ago. So, another Rs 6214.6 crore will need to be paid in additional calls, going forward.
Bharti Telecom Ltd has increased its stake in Bharti Airtel to 39.59% by acquiring an additional 1.35% stake from Indian Continent Investment Ltd through a Rs 8,301.73-crore block deal. ICIL s stake in Airtel has dipped to 4.56%, while Sunil Mittal s Bharti Enterprises and Singapore Telecommunications own 50.56% and 49.44% respectively in BTL.
The telco s imminent move is the likely trigger for its key promoter company, Bharti Telecom (BTL), to set in motion plans to raise around 8,000 crore (under $1 billion) in multiple tranches via NCDs (non-convertible debentures). "BTL, which owns 38.75% in Airtel, is likely to use the funds raised to subscribe to its balance entitlement in the telco s near 21,000-crore rights issue that had closed just over two years ago," a person aware of the matter told ET.
Infosys CEO Salil Parekh's annual pay has increased by 43 percent, and touched Rs 71 crore in FY 2021-22, according to the annual report of the Bengaluru-based IT company. This pay hike makes him one of the highest-paid executives in India.