Bengaluru, January 23, 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 an ‘Offer for Sale’ of up to 100,000,000 Equity Shares with a face value of Rs.5 each share by “Telecommunications Consultants India Limited”.
Bharti Hexacom Limited offers its services under the brand ‘Airtel’. It has a distinct strategy to enhance its portfolio by acquiring and retaining quality customers and delivering an experience to them through our Omni channel approach and use of data science. The company has the gamut of digital offerings to enhance customer engagement and differentiated customized offerings through family and converged plans under the Airtel Black proposition, which has resulted in the continuous improvement of its revenue market share during the last three Fiscals. Bharti Hexacom undertakes prudent cost optimization measures to improve its profitability and maintain an efficient capital structure with a comfortable leverage position. It continuously invests 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. The company also derives 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.