Bharti Airtel has successfully utilized the proceeds from its First and Final Call on partly paid-up equity shares. A monitoring agency report for the quarter ending March 31, 2026, has confirmed nil deviation or variation in the usage of funds. The company received an aggregate of ₹15,695.98 crore, which has been deployed toward clearing liabilities, reducing bank debt, and supporting general corporate purposes.
Financial Utilization Report
Following the First and Final Call payment period between March 2, 2026, and March 16, 2026, Bharti Airtel has finalized the allocation of capital raised from its shareholders. The process involved the collection of ₹15,695.98 crore. According to the latest monitoring report, the management has strictly adhered to the deployment plan outlined in the initial offer document, ensuring that no funds were diverted from their intended objectives.
Strategic Allocation of Funds
The company has allocated the capital across three primary areas of focus to strengthen its balance sheet and operational health. A total of ₹82,740.94 million was utilized for the payment of DoT liabilities, specifically covering AGR Dues. Additionally, ₹8,600 million was directed toward the repayment of existing HDFC and Axis Bank borrowings, while ₹50,255.16 million was designated for general corporate purposes, including the payment of license fees.
Assurance and Oversight
To ensure transparency for investors, an independent monitoring agency reviewed the utilization of the proceeds. The review confirms that all government and statutory approvals were obtained, and the funds were managed with strict financial discipline. As of the end of the quarter on March 31, 2026, the company maintains a clean record with no deviations reported, reinforcing its commitment to its stated financial growth and deleveraging strategy.
Source: BSE
