August 11, 2014
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai - 400001
email ID: corp.relations@bseindia.com
National Stock Exchange of India Limited
Exchange Plaza, C-1 Block G Bandra Kurla Complex, Bandra (E)
Mumbai - 400051
email ID: cmlist@nse.co.in
Dear Sir(s),
Please find enclosed herewith disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011 w.r.t.
85,000,000 equity shares of Bharti Infratel Limited sold by Bharti Airtel Limited under offer for sale of shares through stock exchange mechanism pursuant to SEBI circular
No. CIR/MRD/DP/18/2012 (as amended through circular nos. CIR/MRD/DP/04/2013 and CIR/MRD/DP/17/2013), read with Section 21 of annexure 1 of master Circular for Stock Exchanges - Cash Market (No. CIR/MRD/DP/14/2013).
Kindly take the above information on record.
Thanking you, Yours faithfully,
For Bharti Airtel Limited
Sd/-
Rajendra Chopra Dy. Company Secretary
Cc:
Bharti Infratel Limited
Bharti Crescent,
1, Nelson Mandela Road, Vasant Kunj, Phase II,
New Delhi - 110 070
Bharti Airtel Limited [CIN: L74899DL1995PLC070609]
(a Bharti Enterprise)
Regd. & Corporate Office: Bharti Crescent, 1, Nelson Mandela Road, Vasant Kunj, Phase II, New Delhi - 110 070
T.: +91-11-4666 6100, F.: +91-11-4166 6137, Email id: compliance.officer@bharti.in, Website: www.airtel.in
Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011Name of the Target Company (TC) | Bharti Infratel Limited (The "Company") | ||
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer | Bharti Airtel Limited (The "Seller") | ||
Whether the acquirer belongs to Promoter / Promoter group | The Seller is the promoter of the Company | ||
Name(s) of the Stock Exchange(s) where the shares of TC are Listed | BSE Limited; and National Stock Exchange of India Limited | ||
Details of the acquisition / disposal as follows | Number | % w.r.t. total Share / voting capital wherever applicable (*) | % w.r.t. total diluted share / voting capital of the TC (**) |
Before the acquisition / disposal under consideration, holding of: | |||
a) Shares carrying voting rights | 1,500,000,000 equity shares | 79.36% | 79.36% |
b) Shares in the nature of encumbrance (pledge / lien / non-disposal undertaking / others) | Nil | Nil | Nil |
c) Voting rights (VR) otherwise than by equity shares | Nil | Nil | Nil |
d) Warrants / convertible securities / any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) | Nil | Nil | Nil |
e) Total (a+b+c+d) | 1,500,000,000 equity shares | 79.36% | 79.36% |
Details of acquisition / sale | |||
a) Shares carrying voting rights acquired / sold | 85,000,000 | 4.50% | 4.50% |
b) VRs acquired / sold otherwise than by shares | Nil | Nil | Nil |
c) Warrants / convertible securities / any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition. | Nil | Nil | Nil |
d) Shares encumbered / invoked / released by the acquirer. | Nil | Nil | Nil |
e) Total (a+b+c+/-d) | 85,000,000 | 4.50% | 4.50% |
After the acquisition / sale, holding of: | |||
a) Shares carrying voting rights | 1,415,000,000 | 74.86% | 74.86% |
b) Shares encumbered with the acquirer | Nil | Nil | Nil |
c) VRs otherwise than by equity shares | Nil | Nil | Nil |
d) Warrants / convertible securities / any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition | Nil | Nil | Nil |
e) Total (a+b+c+d) | 1,415,000,000 | 74.86% | 74.86% |
Mode of acquisition / sale (e.g. open market / off- market / public issue / rights issue /preferential allotment / inter-se transfer etc.) | The equity shares of the Company have been disposed by the Seller under offer for sale of shares through stock exchange mechanism pursuant to SEBI circular No. CIR/MRD/DP/18/2012 (as amended through circular nos. CIR/MRD/DP/04/2013 and CIR/MRD/DP/17/2013), read with Section 21 of annexure 1 of master Circular for Stock Exchanges - Cash Market (No. CIR/MRD/DP/14/2013). | ||
Date of acquisition / sale of shares / VR or date of receipt of intimation of allotment of shares, whichever is applicable | August 11, 2014 | ||
Equity share capital / total voting capital of the TC before the said acquisition / sale (*) | Number:1,890,096,066 equity shares of Rs. 10 each Amount: Rs. 1,890,096,0660 | ||
Equity share capital / total voting capital of the TC after the said acquisition / sale | Number:1,890,096,066 equity shares of Rs. 10 each Amount: Rs. 1,890,096,0660 | ||
Total diluted share / voting capital of the TC after the said acquisition / sale | Number:1,890,096,066 equity shares of Rs. 10 each Amount: Rs. 1,890,096,0660 |
Note:
(*) Total share capital / voting capital to be taken as per the latest filing done by the Company to the Stock Exchange under Clause 35 of the listing Agreement. - The paid-up share capital of the Company is as on August 07, 2014.
(**) Diluted share / voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC.
For Bharti Airtel Limited
Sd/-
Rajendra Chopra
Dy. Company Secretary
Place: New Delhi
Date: August 11, 2014
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