Bharti Airtel has received approval to raise funds of upto Rs 32,000 crore through Rights issuance of upto Rs 25,000 crore; and Perpetual Bond with equity credit upto Rs 7,000 crore. The Board of Directors of the Company at its meeting held on February 28, 2019 has approved the same.
The board has approved the issuance of fully paid-up equity shares of the company for an amount aggregating upto Rs 25,000 crore by way of a rights issue to eligible equity shareholders of the Company. The company is also to raise funds through perpetual bond of upto $1 billion (Rs 7000 crore) denominated in foreign currency subject to price, market conditions.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
Company Name | CMP |
---|---|
Bharti Airtel | 1298.05 |
Vodafone Idea | 12.73 |
Indus Towers | 333.00 |
Tata Communications | 1741.15 |
Bharti Hexacom Ltd. | 902.00 |
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