THE FINE PRINT

1 equity share for every 14 equity shares is the rights entitlement ratio

~535 per fully paid-up equity share is the price of the rights issue 10% discount to the stock’s closing price on Friday (~593.95)i

25 per cent is to be paid on application

~1.60 trillion net debt in Q1FY22, up 7.5% sequentially and 30.7% YOY

~26,854 crore total revenue, up 21.2% YOY on a comparable basis and 15.3% YOY on a reported basis

~25,000 crore Airtel had raised in May 2019 via rights issue

~53,124 crore raised by RIL last year in India’s biggest rights issue