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Airtel Payments Bank raises Rs 225 crore from Bharti Airtel, Bharti Enterprises

30 Jan 2020 Evaluate

Airtel Payments Bank has raised close to Rs 225 crore from Bharti Airtel and Bharti Enterprises. While Bharti Airtel has infused Rs 180.22 crore into Airtel Payments Bank, Bharti Enterprises has injected Rs 44.77 crore.

The investments, which add up to Rs 225 crore, have been made in the form of preference shares.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

Peers
Company Name CMP
Bharti Airtel 1830.95
Vodafone Idea 14.52
Indus Towers 385.50
Tata Communications 1700.60
Railtel Corp. India 268.65
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