Stocks

Bharti Airtel: Fund raising meet eyed

| Updated on December 03, 2019 Published on December 04, 2019

 

The board of Bharti Airtel will meet on Wednesday to consider fund-raising plans. Among the proposals are issuance of equity shares, and/or bonds including FCCBs, debentures, non-convertible debentures alongwith warrants/convertible debentures and any other equity-based instruments through qualified institutional placement or rights issue.

Bharti Airtel may raise $3 billion (around ₹21,500 crore) to meet the adjusted gross revenue liability and to invest in its network.

Published on December 04, 2019
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.