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Bharti Airtel’s board approves raising of funds worth Rs 7,500 crore

04 Feb 2021 Evaluate

Bharti Airtel’s board has approved raising of funds as and when deemed appropriate, vide issuance of secured/ unsecured, listed/ unlisted non-convertible debt securities including debentures, bonds etc. upto Rs 7,500 crore (or in equivalent foreign currency).

The board also authorised the Special Committee of Directors to decide, basis market conditions, on all matters related to the aforesaid issuance of securities including but not limited to the finalisation and approval of the detailed terms and conditions, quantum of tranche(s) and timings of the issue etc. The Board of Directors of the company, in its meeting held on February 03, 2021 has approved the same.

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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