Su­nil Bharti Mit­tal, Chair­man & MD

• Qatar Foun­da­tion En­dow­ment com­pletes ac­qui­si­tion of 5% eq­uity stake in Bharti for a con­sid­er­a­tion of INR 6,796 crores, one of the largest Pri­vate Eq­uity trans­ac­tions in the his­tory of In­dia

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Bharti Air­tel Limited (“Bharti”; “the Com­pany”), a lead­ing global telecom­mu­ni­ca­tions ser­vices provider with op­er­a­tions in 20 coun­tries across Asia and Africa, said that it has com­pleted the al­lot­ment of 199,870,006 new eq­uity shares, rep­re­sent­ing 5% eq­uity stake in the Com­pany, to Qatar Foun­da­tion En­dow­ment. The eq­uity shares, hav­ing face value of INR 5 each, have been is­sued at a price of INR 340 each on a pref­er­en­tial ba­sis for a to­tal con­sid­er­a­tion of INR 6,796 crores. The al­lot­ment also marks one of the largest Pri­vate Eq­uity trans­ac­tions in the his­tory of In­dia. Com­ment­ing on the com­ple­tion of the agree­ment, Mr. Su­nil Bharti Mit­tal, Chair­man, Bharti, said, “This is a land­mark trans­ac­tion for In­dia and its tele­com sec­tor and a vote of con­fi­dence from one of the most re­spected in­vestors in the world. We look for­ward to a long and fruit­ful part­ner­ship with Qatar Foun­da­tion En­dow­ment.” Mr. Rashid Al-Naimi, Act­ing Chief Ex­ec­u­tive Of­fi­cer, Qatar Foun­da­tion En­dow­ment, com­mented: “We are de­lighted that our in­vest­ment re­ceived over­whelm­ing sup­port from Bharti Air­tel’s ex­ist­ing share­hold­ers, and look for­ward to sup­port­ing the long term strate­gic growth of the Com­pany.” With the al­lot­ment of these new shares, the paid up share cap­i­tal of the Com­pany stands in­creased to INR 19,987,000,510 con­sist­ing of 3,997,400,102 eq­uity shares of INR 5/- each. On May 3, 2013 Bharti and Qatar Foun­da­tion En­dow­ment had an­nounced

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Su­nil Bharti Mit­tal Chair­man & MD

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