Description

NSE notifies listing of 39,09,98,501 equity shares of Bharti Airtel Limited arising from conversion of partly paid-up equity shares to fully paid-up equity shares, effective March 23, 2026.

Summary

NSE has notified the listing of a further issue of equity shares of Bharti Airtel Limited (Symbol: BHARTIARTL) on the Capital Market segment, effective March 23, 2026. The listing pertains to 39,09,98,501 equity shares arising from the conversion of partly paid-up equity shares to fully paid-up equity shares.

Key Points

  • 39,09,98,501 equity shares of Bharti Airtel Limited admitted to dealings on NSE Capital Market segment
  • Security type: Conversion of partly paid-up equity shares to fully paid-up equity shares
  • ISIN: INE397D01024 (permanent); temporary ISIN IN8397D01015 used pending activation
  • Face value and paid-up value: Rs. 5/- per share
  • Market lot size: 1 share
  • Pari Passu: Yes (rank equally with existing equity shares)
  • Lock-in: Not Applicable
  • Distinctive number range: 5492027269 to 5883025769

Regulatory Changes

No new regulatory changes introduced. The listing is made in pursuance of:

  • Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A — admission of securities to dealings
  • Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A — lot sizes for securities

The temporary ISIN (IN8397D01015) was assigned per SEBI circulars CIR/MRD/DP/21/2012 (August 2, 2012) and CIR/MRD/DP/24/2012 (September 11, 2012) for additional issue of shares in dematerialized mode, pending activation of the permanent ISIN.

Compliance Requirements

  • Members must identify the security only by its designated codes (Symbol: BHARTIARTL, Series: EQ, ISIN: INE397D01024) for trading purposes
  • Trading must be conducted in the specified lot size of 1 share
  • Dematerialized shares are currently credited under temporary ISIN IN8397D01015 until the permanent ISIN is activated

Important Dates

  • Circular Date: March 20, 2026
  • Effective Date for Trading: March 23, 2026

Impact Assessment

The addition of approximately 391 million shares of Bharti Airtel to the tradeable pool represents a significant increase in float for one of India’s largest telecom companies. As these shares are pari passu with existing equity shares and arise from conversion of partly paid-up shares (rather than a fresh allotment), the primary impact is an increase in freely tradeable equity. This may modestly improve liquidity but could exert marginal dilutive pressure. Existing shareholders are unaffected in terms of rights or ranking. No lock-in period applies, meaning all converted shares are immediately available for trading from March 23, 2026.

Impact Justification

Large-scale share conversion of a major blue-chip stock (Bharti Airtel) involving ~391 million shares adds to the freely tradeable float, which may have moderate impact on liquidity and price discovery.