In furtherance of press release dated July 01, 2020, we are enclosing the details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with clause 1.4 of Annexure I of SEBI Circular dated September 9, 2015. Kindly take the same on record.
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a press release titled 'Carlyle to acquire approximately 25% stake in Airtel's Data Centre business at a valuation of US$1.2 billion' dt. July 01, 2020 issued by the Company. Kindly take the above information on record.
We hereby intimate you that commercial papers bearing ISIN no. INE397D14225 issued on April 20, 2020 have been paid by the company Bharti Airtel Limited on June 30, 2020 (on the maturity date). Please take the above information on record.
With strong growth in broadband connections and postpaid customers, we reiterate our BUY rating on the stock with a revised target price of Rs. 693 based on SOTP methodology. Postpaid customers support topline growth In Q4FY20, Bharti Airtel posted 15.1% YoY growth in revenue of Rs. 23,723cr, majorly driven by Mobile services in India and Africa, along with Airtel business. India Mobile revenue grew 21.8% YoY to Rs. 12,953cr with rising 4G customers and tariffs. ARPU rose to Rs. 154 (vs. Rs. 123 in Q4FY19), owing to additions of postpaid customers and...
Further to our intimation dated June 28, 2020, we enclose herewith copies of newspaper advertisement published on June 29, 2020 in the newspaper viz. Financial Express, all editions (in English) and Jansatta, all editions (in Hindi) w.r.t. Notice of the Tribunal Convened Meetings of the Equity Shareholders, Preference Shareholders and Unsecured Creditors of Bharti Airtel Limited to be held on Friday, July 31, 2020 through video conferencing or other audio visual means ('VC/OAVM'). Kindly take the above information on record.
