Indian telecom major board of directors on Thursday, 18 December 2025, approved the first and final call on partly paid-up equity shares issued earlier by the company.
The call has been fixed at ₹401.25 per share, including a premium of ₹397.50 per share, on 39.22 crore outstanding partly paid-up equity shares with a face value of ₹5 each.
These shares were issued on a rights basis pursuant to the Letter of Offer dated 22 September 2021. Through this move, the company is set to raise ₹15,740 crore.
“The Board of Directors of the Company, at its meeting held today, has approved the first and final call of ₹401.25 per share (including a premium of ₹397.50), on 392,287,662 outstanding partly paid-up equity shares of face value ₹5 each (paid-up value ₹1.25 each), issued by the Company on a rights basis pursuant to the Letter of Offer dated 22 September 2021,” the company said in today’s regulatory filing.
Details of the Call
Record date: The board has fixed Friday, February 06, 2026, as the record date for the purpose of determining the holders of the partly paid-up equity shares who shall be liable to pay the money on the first call.
Call payment period: The company said the call payment period will commence on March 02, 2026, and end on March 16, 2026.
What are partly paid shares?
Partly paid shares are a type of equity when investors pay only a part of the total share price at the time of allotment. The remaining amount is collected by the company later, in one or more calls – formal requests for payment.
This structure allows investors to enter the market with lower upfront investment while still gaining exposure to the company’s growth. When the amount is fully settled, the shares are converted to fully paid.
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