Winro Commercial Completes ₹429.80 Crore Share Conversion in Bharti Airtel
Winro Commercial (India) Limited has successfully completed the conversion of its partly paid-up equity shares in Bharti Airtel Limited into fully paid-up shares. The NBFC paid ₹42,98,01,746.25 as call money on March 13, 2026, and the conversion was completed on March 18, 2026, resulting in a total shareholding of 10,71,425 fully paid-up equity shares representing 0.02% stake in the telecom giant.

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Winro Commercial (India) Limited has successfully completed the conversion of its partly paid-up equity shares in Bharti Airtel Limited into fully paid-up shares. The company paid ₹42,98,01,746.25 as first and final call money on March 13, 2026, and the conversion process was completed on March 18, 2026.
Transaction Completion Details
Bharti Airtel Limited converted the partly paid-up equity shares into fully paid-up shares and intimated stock exchanges on March 18, 2026 at 10:51 PM. The call money has been debited from Winro Commercial's bank account, and 10,71,157 partly paid-up shares have been converted into an equal number of fully paid-up equity shares.
| Parameter: | Details |
|---|---|
| Shares Converted: | 10,71,157 |
| Call Money per Share: | ₹401.25 |
| Total Amount Paid: | ₹42,98,01,746.25 |
| Conversion Date: | March 18, 2026 |
| Exchange Intimation: | March 18, 2026 at 10:51 PM |
Final Shareholding Position
Upon completion of the conversion, Winro Commercial will hold an aggregate of 10,71,425 fully paid-up equity shares of Bharti Airtel Limited, inclusive of its existing shareholding. The converted shares will be credited to the company's demat account and listed on stock exchanges, subject to Bharti Airtel completing necessary formalities including corporate actions and obtaining requisite listing and trading approvals.
| Shareholding Details: | Information |
|---|---|
| Total Fully Paid Shares: | 10,71,425 |
| Shareholding Percentage: | 0.02% |
| Share Status: | Fully paid-up equity shares |
| Listing Status: | Subject to exchange approvals |
Regulatory Compliance
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction required disclosure as the total call money payable exceeded 2% of the company's net worth as per its last audited consolidated financial statements. Winro Commercial confirmed this acquisition does not fall within related party transactions.
Investment Rationale
As a Non-Banking Financial Company (NBFC), Winro Commercial made this investment in the ordinary course of business as a financial investor. The company confirmed that no promoter or group companies have any interest in Bharti Airtel Limited.
Target Company Profile
Bharti Airtel Limited, incorporated on July 7, 1995, operates primarily in telecommunication services in India and globally. The company's financial performance demonstrates consistent growth:
| Financial Year: | Turnover (₹ Crores) |
|---|---|
| 2024-25: | 1,08,943.85 |
| 2023-24: | 94,119.84 |
| 2022-23: | 84,720.12 |
As of March 31, 2025, Bharti Airtel Limited reported a net worth of ₹1,11,752.88 crores with an existing paid-up capital of ₹29,00,08,86,172.50.
Historical Stock Returns for Winro Commercial
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Will Winro Commercial increase its stake in Bharti Airtel beyond the current 0.02% given its strategic investment as an NBFC?
How might Bharti Airtel's expansion plans in 5G and digital services impact the value of Winro's investment over the next 2-3 years?
Could this investment signal Winro Commercial's broader strategy to build a telecom sector portfolio within its NBFC operations?


























