Bharti Airtel is looking for shareholders' approval for raising $2 billion in equity and another $1 billion in debt to pay for statutory dues arising out of a recent Supreme Court ruling. The company is planning to raise $2 billion through qualified institutional placement, public issue, preferential shares or private placement. The remaining up to $1 billion are sought to be raised through Foreign Currency Convertible Bonds (FCCB) or debentures. The Extraordinary General Meeting (EGM) will be held on January 03, 2020 to consider the same.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
