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Bharti Airtel informed the bourses that it has approved the allotment of 3,64,69,913 equity shares of the face value of Rs 5 each fully paid up, on a preferential basis to Lion Meadow Investment Ltd., an affiliate of Warburg Pincus LLC at an issue price of Rs 600 per equity share as partial consideration other than in cash against the acquisition of 102,040,000 equity shares, constituting 20% of the equity share capital of Bharti Telemedia Limited, by the Company from Lion Meadow.