Ambit on India telecom
Vodafone Idea upside is 304% => can become 4x!
Airtel another 50% upside from lifetime highs!!
exuberance may be injurious to investors health!
#Telecom #Airtel #BhartiAirtel #Bhartiartl #Vodafone #idea #Jio #Reliance #RelianceJio #RelianceIndustries
Vodafone Idea upside is 304% => can become 4x!
Airtel another 50% upside from lifetime highs!!
exuberance may be injurious to investors health!
#Telecom #Airtel #BhartiAirtel #Bhartiartl #Vodafone #idea #Jio #Reliance #RelianceJio #RelianceIndustries
Bharti Airtel Limited
Offering type: 100% secondary placement
Offer type: Accelerated Book-build Offering of equity shares
Floor price: INR 558 per equity share
Discount to last close: 6% discount to the close price of INR 593.20 as on 22 May 2020
Offering type: 100% secondary placement
Offer type: Accelerated Book-build Offering of equity shares
Floor price: INR 558 per equity share
Discount to last close: 6% discount to the close price of INR 593.20 as on 22 May 2020
Deal Size: c. US$ 1 bn
Deal (Shares): Up to 150 mm Equity Shares
Deal (% of TSO): Up to 2.75% of total shares outstanding (31Mar)
Vendor/ Seller: Bharti Telecom
Lock Up: No intentional to sell for 90 days from the seller
Sole Placement Agent: J.P. Morgan India Private Limited
Deal (Shares): Up to 150 mm Equity Shares
Deal (% of TSO): Up to 2.75% of total shares outstanding (31Mar)
Vendor/ Seller: Bharti Telecom
Lock Up: No intentional to sell for 90 days from the seller
Sole Placement Agent: J.P. Morgan India Private Limited
Bharti Airtel Limited
Offering type: 100% secondary placement
Indicative timetable
Books Close: By 10.00 PM HKT/ 7.30 PM IST/ 3.00 PM UKT on May 25, 2020 (T-1)
Trade date: May 26, 2020 (T)
Settlement date: May 28, 2020 (T+2)
Offering type: 100% secondary placement
Indicative timetable
Books Close: By 10.00 PM HKT/ 7.30 PM IST/ 3.00 PM UKT on May 25, 2020 (T-1)
Trade date: May 26, 2020 (T)
Settlement date: May 28, 2020 (T+2)
Promoters to sell 2.75%
in Bharti Airtel for $1 bn: Business Standard
in Bharti Airtel for $1 bn: Business Standard
ET& Financial Express on Airtel sale
