Bharti Airtel : Disclosure under Regulation 29 (2) – Nettle

Disclosure under Regulation 29(2} of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Name of the Target Company (TC}

Bharti lnfratel Limited

Name(s) of the acquirer and Persons Acting in Concert (PAC} with the acquirer

Bharti Airtel Limited Person Acting In Concert:

Nettle Infrastructure Investments Limited

(a wholly owned subsidiary of Bharti Airtel Limited)

Whether the acquirer belongs to Promoter/Promoter group

Yes

Name(s) of the Stock Exchange(s} where the shares of TC are Listed

BSE Limited

National Stock Exchange of India Limited

Details of the aeE11:1i sitieA/ disposal as follows

Number

% w.r.t. total share/voting capital wherever applicable(*)

% w.r.t. total diluted share/voting capital of

the TC (**)

Before the aeE11:1i sitieA}sale under consideration, holding of :

1. Shares carrying voting rights

2. Shares in the nature of encumbrance (pledge/ lien/ non- disposal undertaking/ others)

3. Voting rights (VR) otherwise than by shares

4. Warrants/convertible securities/any other instrument

5. Total (a+b+c+d)

that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category)

1,140,315,371

Nil

Nil Nil

1,140,315,371

61.65%

61.65%

61.65%

61.65%

Details of aeq1:1isitieA}sale:

1. Shares carrying voting rights acq ireel/sold

2. VRs acquired /sold otherwise than by shares

3. Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired/ sold

4. Shares encumbered I invoked/released by the acquirer

5. Total (a+b+c+d)

209,416,643

Nil Nil

Nil 209,416,643

11.32%

11.32%

11.32%

11.32%

After the aeE11:1i sitieA}sale, holding of:

1. Shares carrying voting rights

2. Shares encumbered with the acquirer

3. VRs otherwise than by shares

4. Warrants/convertible securities/any other instrument

5. Total (a+b+c+d)

that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition

930,898,728

Nil Nil Nil

930,898,728#

50.33%

50.33%

50.33%

50.33%

Mode of aeEtwisitieR / sale {e.g. open market I off-market /public

issue I rights issue I preferential allotment I inter-se transfer etc).

Open market

Date of aEEt Yi&itieR / sale of shares I VR or date of receipt of

intimation of allotment of shares, whichever is applicable

March 29, 2017 (Date of sale of shares)

Equity share capital I total voting capital of the TC before the

said aeqwisitieR / sale

Rs. 18,496,082,460 divided into 1,849,608,246

equity shares of Rs. 10/- each.

Equity share capital/ total voting capital of the TC after the said aeEtwisitieR / sale

Rs. 18,496,082,460 divided into 1,849,608,246

equity shares of Rs. 10/- each.

Total diluted share/voting capital of the TC after the said acquisition

Rs. 18,496,082,460 divided into 1,849,608,246

equity shares of Rs. 10/- each.