BHARTI HEXACOM LIMITED FILES DRHP WITH SEBI

Bengaluru, January 22, 2024: Bharti Hexacom Limited, a communications solutions provider offering consumer mobile services, fixed-line telephone and broadband services to customers in the Rajasthan and the North East telecommunication circles in India, which comprises the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”).

The Public Offer comprises ‘Offer for Sale’ of up to 100,000,000 Equity Shares with face value Rs.5 each share by “Telecommunications Consultants India Limited”.

Bharti Hexacom Limited offer its services under the brand ‘Airtel’. It has a distinct strategy to enhance its portfolio by acquiring and retaining quality customers and deliver an experience to them through our Omni channel approach and use of data science. The company has gamut of digital offerings to enhance customer engagement and differentiated customised offerings through family and converged plans under Airtel Black proposition, which has resulted in the continuous improvement of its revenue market share during the last three Fiscals. Bharti Hexacom undertake prudent cost optimisation measures to improve its profitability and maintain an efficient capital structure with a comfortable leverage position. It continuously invest in network expansion, technology advancement and judicious spectrum investments. As of September 30, 2023, Bharti Hexacom had invested ₹ 203 billion in capital expenditure in its future ready digital infrastructure. Company also derive significant synergies from its relationship with our Promoter, Airtel, through the expansive digital infrastructure, digital experience and the digital services it provides to its customers.

SBI Capital Markets Limited, Axis Capital Limited, BOB Capital Markets Limited, ICICI Securities Limited and IIFL Securities Limited are the Book Running Lead Managers (BRLMs) to the issue.

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