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Bharti Airtel Ltd. is among the leading telecommunication companies to cause change in communication and connectivity. Airtel has managed to welcome thousands of investors and shareholders aboard to contribute to the success of the company.
Like any other successful organization, it may have unclaimed shares or dividends, probably involving thousands of unfortunate shareholders. If you are such a shareholder, there is no cause for alarm as these unclaimed investments can be recovered successfully. This guide deals with the Recovery of Bharti Airtel Limited Shares and Dividends from the Investor Education and Protection Fund (IEPF) process, step by step.
Founded in 1995, Bharti Airtel is among the largest and most valuable telecom companies in India, with market capitalization towering at ₹5.32 trillion. It operates in 18 countries, providing mobile, broadband, and voice services using advanced technologies such as 5G, 4G, and VoLTE.
The company changed the rules for the Indian telecom industry by implementing the low-cost, high-volume business model; outsourcing all non-core activities, and offering cheap services such as calls at ₹1 per minute. It is the second-largest mobile network operator, second to China Mobile, and is recognized for its innovations and customer-oriented approach.
The success story of Airtel is a result of a partnership with the global tech community, market leadership, and newfound capabilities to evolve with shifting consumer demands into a strong player in driving the digital transformation of global communications services.
If you happen to be an investor, you might want to know how to Claim Unclaimed Shares of Bharti Airtel Limited or Recover lost shares of Bharti Airtel Limited, which can be done through the IEPF process.
The Investor Education and Protection Fund (IEPF) is a government scheme run by the Ministry of Corporate Affairs to protect the rights of investors in India. The fund manages unclaimed dividends, shares, and matured deposits of public companies. Shares or dividends that have been unclaimed for seven years or more are transferred to the IEPF so that investor interests are protected.
Investors can easily Claim Shares of Bharti Airtel Limited that may have been overlooked or lost over time through the IEPF process. The fund also provides legal protection to investors and educates users about their rights and financial literacy.
Bharti Airtel has continuously been revolutionizing communication services since its establishment in 1995. It has a long history of constantly introducing innovative services. Airtel’s growth story is one of vision, expansion, and technological advancement.
1995: Bharti Cellular Limited entered the arena as a mobile service provider in Delhi under the name ‘Airtel,” the beginning of the Indian telecommunications revolution.
2000: Airtel acquired the technical license company Skycell Communications based in Chennai, wherein it traded mainly in the cellphone technology market.
2002: Airtel was the first Indian operator to touch the 2 million- subscriber mark.
2005: They began offering broadband and phone services in rural India, enabling connectivity throughout the nation.
2008: Airtel launched ‘Airtel Live,’ which brings into the fold more services, such as astrological and stock market updates.
2010: Airtel underwent rebranding and an alteration to its logo to pave the way for 3G, which marked airflow for high-speed Internet in India.
2012: Airtel introduced 4G in Kolkata and mobile banking through ‘Airtel Money’ in 2013 as the first operator in India.
2015: The company extended its 4G service to more than 296 towns in its network across India.
2016: Airtel also launched ‘Payments Bank’ now entered into the banking sector to enhance financial inclusiveness among its clientele.
2018: Airtel has created a strategic partnership with Telecom Egypt for enterprise solutions and joined forces with Google to boost digital growth.
2019: The ‘Airtel Thanks’ program was introduced by the company; it is Bangalore’s customer loyalty program within the company.
2020: During the period of the pandemic, Airtel effectively tackled the coming near surge in the usage of data and created Airtel Secure under which businesses are safeguarded concerning cyber-attacks.
2021: Airtel commenced its 5G network trial in Hyderabad, preparing for the next-generation mobile internet.
2022: The company entered a joint venture with Hughes for satellite broadband, quickened the 5G rollout with Qualcomm, and channelled investments to solar power endeavours.
2023: Airtel continued expanding 5G services and took several sustainability initiatives including green hydrogen solutions.
2024: Airtel vertically integrated subsidization to its build-out of 5G. Now, they have over 500 million subscribers.
Bharti Airtel has been a top performer in the stock market, with its share price steadily increasing over the years. For example, in 2002, the price per share was about Rs. 15. By July 16, 2024, it had grown to Rs. 1467.65, without taking into account the bonus or stock splits along the way.
Now, suppose you purchased 200 shares of Bharti Airtel in 2002 at Rs. 15.
Total Investment:
200 * 15 = Rs. 3000
The stock split happened on 9 July 2009 (1:1 ratio):
The company underwent a 1:1 stock split; this implies your number of shares would now become double.
No. of Shares After the Split:
200 * 2 = 400 shares
Now those 400 shares are valued at the current price of Rs. 1467.65 as of 2024.
Value of Current Investment (In 2024):
400 * 1467.65 = Rs. 5,87,060
Thus, your investment in Bharti Airtel of Rs. 3000 in 2002 is now on its way to making a profit of almost Rs. 5.87 lakhs. This significant increase in value makes it essential to Claim Unclaimed Shares of Bharti Airtel Limited that might have been transferred to the Investor Education and Protection Fund (IEPF). In such cases, you can take steps to Recover Lost Shares of Bharti Airtel Limited that may have been forgotten or unclaimed over time, ensuring you gain the actual benefit of your entire investment.
Bharti Airtel Limited Shares may be transferred to the Investor Education and Protection Fund (IEPF) because of several reasons. The shares and dividends would be transferred to IEPF owing to their unclaimed discretion in nature; the unclaimed shares and dividends that are given below are possible reasons for such transfer.
Unclaimed dividends: If a dividend amount remains unclaimed for 7 years, then both the shares with the unclaimed dividend are transferred to the IEPF.
Inactive Shareholders: Shareholders who do not reply to various communications or have not updated their communication details to the prolonged inactive period of their holding may have their shares transferred to the IEPF.
Unclaimed Shares: Unclaimed shares on the shareholder’s behalf, sometimes due to negligence or mistakes, are transferred to the IEPF after 7 years if no claim is made.
Corporate Restructuring: In the instance of mergers, acquisitions, or demergers, a case may be presented where shareholders fail to claim, or normal claims may not smoothly propagate their information leading to the transfer of shareholdings to the IEPF.
Lack of Awareness: Shareholders may not claim dividends, stock splits, or any other returns, thus making unclaimed dividends eventually move to IEPF.
Change of Address or Contact Information: At the time a shareholder has changed his place of residence, the person would not have re-enrolled his information in the company books; hence, they would not know any dividends or any corporate action cycles leading to un-claimed shares.
Deceased Shareholders: Shares held in a deceased shareholder’s name, where no claim is made by the legal heirs or the heirs are unaware of the shares, are eventually transferred to IEPF.
Mergers or Demergers: In cases where a company undergoes a merger or demerger, shareholders who do not take action to claim their shares in the new entity may see their holdings transferred to IEPF.
If you find yourself in any of these situations, you are eligible to Recover lost shares of Bharti Airtel Limited through the IEPF process.
The IEPF was established by the Government of India on September 7, 2016, under Section 125 of the Companies Act, 2013, with a mission aimed at the preservation of investor interest and promotion of financial literacy. Some of the important objectives are listed below:
Safeguarding unclaimed investments: IEPF has unclaimed shares, dividends, and other returns locked up for seven years, which are made available for claim by the rightful owners.
Refunding unclaimed investments: The fund allows refunds to investors for unclaimed dividends, shares, and matured deposits.
Promoting investor awareness: Seeking to create awareness regarding investor rights, obligations, and the importance of claiming dividends and shares.
Investor protection: The program ensures that the investors do not fall prey to fraud and misuse, thus allowing safe recovery of their money.
Payment of legal costs: It grants reimbursement of legal fees incurred by an investor to pursue claims regarding their investments.
The IEPF also facilitates the Recovery of Bharti Airtel Limited shares, ensuring that those with unclaimed dividends and shares are protected and can claim their rightful investments.
Before you begin the recovery process, it’s important to first check if your unclaimed Bharti Airtel shares and dividends have been transferred to IEPF. You can check them by going to the official IEPF site and searching there online:
Visit the Official site of IEPF
Search for unclaimed Shares: Go to a tool called “IEPF Unclaimed Shares Search,” where one can search using his/her name, father’s name, folio number, DP-ID, client ID, or account number.
Fill in Details: Fill in all the required entries with utmost care. The more accurate the information entered, the bigger chance you have of tracing those unclaimed shares.
Search Results: Press search to check if your Bharti Airtel shares and dividends are found as unclaimed.
In case you are unable to derive any results through this course, reach out to the Bharti Airtel registrar or their investor relations team.
To recover unclaimed shares and dividends from Bharti Airtel via IEPF, the following steps should be followed:
Fill out the IEPF 5 Form
Completion of IEPF 5 Form
File form online
Send Documents to the Nodal Officer
-Indemnity Bond
-Self-attested copy of Aadhaar card
-Share certificate (if available)
-Bank and Demat account details
Verification by Nodal Officer
IEPF Inquiry and Response
The process to recover unclaimed shares and dividends can take a few months:
Recovering unclaimed shares and dividends lodged with the IEPF often involves navigating through cumbersome red tape. Working through these minor yet important steps earns one the much-sought relief in the entire process of recovery. Additional tips to help you recover your money.
Update Your Records: Files such as current address, bank account details-a-Z, and Demat account details need to be put straight with your company and its registrar to trace your dividends and shares easily.
Follow-ups Regularly: Given that this process is generally long-drawn, be diplomatically dogged. Do consult with the Nodal Officer and IEPF authorities to know if your claim has been processed.
Consult Professionals: If the intimidating length and formatting of paperwork leave your head in a whirl, look for an expert or agency to help with IEPF claims. For instance, Share Samadhan can assist you with the process.
If you’re struggling to Recover Lost Shares of Bharti Airtel Limited, Enterslice can simplify the entire process for you. Their expert team ensures all paperwork is accurately filled and submitted, handling follow-ups and legal steps on your behalf. Trust Enterslice to save you time and effort while ensuring you reclaim what’s rightfully yours with ease.
While the IEPF processing of recovering unclaimed shares and dividends of Bharti Airtel Limited may seem daunting, with proper guidance, as well as being thorough, you can reclaim what belongs to you. Whether it be the valuable shares that you have hoarded over the years or the dividends that went unsought, act fast and use the right procedure to claim them.
By getting to know the process, utilizing the IEPF utilities, and mindful considerations toward paperwork, you may be able to get back those unclaimed shares and dividends of Bharti Airtel. Get Enterslice expert assistance to recover unclaimed shares and dividends of Bharti Airtel Ltd from IEPF.
Unclaimed shares and dividends refer to shares or dividends that have not been claimed by their rightful owners for a long period, typically seven years. These funds are then transferred to the Investor Education and Protection Fund (IEPF).
You can check whether your shares and dividends are with IEPF by visiting the official IEPF website and using their “Unclaimed Shares Search” tool. You will need to provide details such as your name, folio number, or Demat account number. This tool will allow you to search for any unclaimed shares or dividends linked to your name and help you determine whether they have been transferred to the IEPF.
The first step to recovering unclaimed shares and dividends is to search for your unclaimed assets on the IEPF website. You can do this by entering your details such as your name, folio number, or Demat account number in the “Unclaimed Shares Search” section. Once you identify that your shares or dividends are with the IEPF, you can proceed with filling out the IEPF 5 form to start the recovery process.
Filling out the IEPF 5 form requires you to provide essential details such as your personal information, shareholding details (including folio numbers, certificate numbers, and the number of shares), and your bank or Demat account details. This form can be downloaded from the Ministry of Corporate Affairs (MCA) website. It’s important to fill out the form accurately, as incorrect or incomplete information may result in delays or rejection of your claim.
Yes, you can submit the IEPF 5 form online through the Ministry of Corporate Affairs (MCA) portal. After filling out the required details in the form, you can upload it directly to the portal for processing.
The Nodal Officer is an official appointed by the company to handle and verify claims for unclaimed shares and dividends. Once you submit your claim, the Nodal Officer will review your documentation, validate your details, and forward the information to IEPF authorities for further processing.
If your shares do not appear in the IEPF search, it may mean that they have not yet been transferred to the fund, or the information provided might be incorrect. In such cases, you should contact the registrar or investor relations team of Bharti Airtel for assistance.
Before shares and dividends are transferred to IEPF, the company typically continues to hold them in its records. Dividends that have not been claimed by shareholders remain unpaid until the claims are processed. However, if the dividends remain unclaimed for seven years, they will eventually be transferred to the IEPF, where they will be held until the rightful owner comes forward to reclaim them.
Yes, if the original shareholder has passed away, the nominee can claim unclaimed shares and dividends on their behalf. The nominee must submit relevant documents like the death certificate of the shareholder, proof of nomination, and other necessary documents as per the IEPF claim process.
No, there is no specific limit on the amount you can claim from IEPF as long as the shares and dividends were rightfully yours and have been transferred to the fund.
If the original shareholder has passed away and there is no nominee, the legal heirs can claim the unclaimed shares and dividends.
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