Bharti Airtel shares move past record date for payment of final dividend

Telecom operator has set Tuesday, August 02, 2022 as the ‘record date’ to determine the eligibility of the members final dividend (Final Dividend) for the financial year ended 31 March 2022. While announcing its Q4FY22 earnings, the company said that its board has also recommended dividend for the financial year 2021-22.

final dividend of 3 per fully paid-up equity share of face value 5/- each and 0. 75/- per partly paid-up equity share of face value 5/- each (paid-up value 1.25 per share) as recommended by the Board. Dividend means the distribution of surplus out of profits by a listed company to its shareholders.

Dividend, if approved at the AGM, shall be paid within 30 days from the date of approval to the members/beneficiaries whose names appear in the register/depository records of the members at the close of business hours on Tuesday, August . 02, 2022. 27th Annual General Meeting (AGM) of Bharti Airtel Will be held on Friday, August 12, 2022.

For the fourth quarter ended March 2022 (Q4FY22), India’s second largest telecom operator reported a more than two-fold jump in its consolidated net profit for the March quarter. 2,008 crore, buoyed by an increase in Average Revenue Per User (ARPU) and an exceptional profit.

Meanwhile, India’s first auction 5G spectrum Monday entered its seventh day, with players including Jio and Airtel locked in an intense bidding for the coveted 1800 MHz frequencies, mainly for the UP East circle.

Billionaire Mukesh Ambani’s Reliance Jio, Sunil Mittal-led Bharti Airtel, Vodafone Idea and a unit of billionaire Gautam Adani’s flagship Adani Enterprises are in the race to bid for 5G spectrum, which offers speeds nearly 10 times faster than 4G. does. and could enable billions of connected devices to share data in real-time.

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