{"id":99436,"date":"2023-04-06T13:00:00","date_gmt":"2023-04-06T07:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=99436"},"modified":"2023-04-06T12:51:59","modified_gmt":"2023-04-06T07:21:59","slug":"bharti-airtel-converts-part-of-fccbs-at-a-conversion-price-of-rs-521","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/bharti-airtel-converts-part-of-fccbs-at-a-conversion-price-of-rs-521\/","title":{"rendered":"Bharti Airtel converts part of FCCBs at a conversion price of Rs 521"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2363666030\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Bharti Airtel Ltd stock started its trading session at Rs 762.60 and currently trades at Rs 765.70. The scrip is flat gaining around 0.30 percent as compared to the previous closing price of Rs 763.45.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2213314865\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>In January 2020, the company issued USD 1,000 million 1.50% Convertible Bonds (FCCB) due in 2025. The Bonds are convertible into the company\u2019s fully paid-up equity shares of Rs 5 each at any time on or after February 27, 2020 and up to the close of business hours on February 07, 2025 at the option of the FCCB holders.&nbsp;<\/p><p>With respect to the above, the company provided an update through a filing over the exchange yesterday mentioning about the \u2018Special Committee of Directors for Fund Raising\u2019 approving the allotment of 706,161 fully paid-up equity shares of face value Rs 5 each at a conversion price of Rs 521 per equity share to such holders of FCCBs.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/BHARTIARTL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Bharti Airtel Ltd<\/a><\/strong> is a telecommunications company generating maximum revenue from the Mobile Services segment in the country. It includes the captive national long distance networks primarily providing connectivity to the mobile services business in India. The company also includes intra-city fiber networks.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-1479175487\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Having a look at the financials of the company, the revenues as well as net profits increased on a QoQ basis. Revenues moved from Rs 34,527 crores in Q2 to Rs 35,804 crores in Q3. Net profits took a shift from Rs 2,622 crores in Q2 to Rs 2,982 crores in Q3.&nbsp;<\/p><p>The profitability ratios of the company have transitioned to the green with ROE moving from negative returns of 34.46 percent in FY20-21 to positive returns of 13.25 percent in FY21-22. ROCE numbers have moved from 0.31 percent in FY20-21 to 14.99 percent in FY21-22.&nbsp;<\/p><p>As per the recent data available for the quarter ending December 2022, promoters of the company hold a 55.12 percent stake. FIIs reduced their stake from 21.87 percent in Q2 to 21.7 percent in Q3.&nbsp;<\/p><p><strong>Bharti Airtel got a \u2018Buy\u2019 tag from ICICI Securities with a target price of Rs 960 which is<\/strong><strong> <\/strong><strong>an upside of around 25 percent as compared to the current price levels.<\/strong><strong>&nbsp;<\/strong><\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-954890901\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Bharti Airtel Ltd stock started its trading session at Rs 762.60 and currently trades at Rs 765.70. The scrip is flat gaining around 0.30 percent as compared to the previous closing price of Rs 763.45.&nbsp; In January 2020, the company issued USD 1,000 million 1.50% Convertible Bonds (FCCB) due in 2025. The Bonds are convertible [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":31510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[8194,8193,659,1021,1022,4647,661,5547,8195,5924,948,936,3153,3157,2597,3297,6519,3244,1161],"class_list":["post-99436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-airtel-board-meeting","tag-airtel-future","tag-airtel-future-strategies","tag-airtel-news-today","tag-airtel-share-price","tag-airtel-share-price-target","tag-airtel-strategy","tag-large-cap-stock-to-buy","tag-large-cap-stock-to-buy-now","tag-large-cap-stocks-with-targets","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-telecom-sector-news","tag-telecom-stock-to-buy-now","tag-telecom-stocks","tag-will-bharti-airtel-share-price-increase"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bharti Airtel converts part of FCCBs at a conversion price of Rs 521 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Bharti Airtel Ltd stock started its trading session at Rs 762.60 and currently trades at Rs 765.70. 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