Sri Lanka, May 9 -- Dialog Axiata yesterday shared further details on the share swap with Bharti Airtel.
Following inking the deal with Bharti Airtel last month for a merger, the share swap will be executed at a ratio of 5,041 Dialog Axiata PLC shares for every 642,966 shares held by Bharti Airtel Limited in Bharti Airtel Lanka (Private) Limited.
In a filing to the Colombo Stock Exchange, Dialog Axiata said that under the proposed transaction, Dialog would acquire one hundred twenty-one billion, five hundred thirteen million, six hundred forty-six thousand, seven hundred seventy-one (121,513,646,771) ordinary shares in Bharti Airtel Limited from the selling shareholder.
This will be for consideration to be paid by the issuance of nine hu...