Bharti Airtel’s subsidiary -- Bharti Airtel International (Netherlands) B.V. has raised tender offer to buy back up to $450 million (about Rs 3,550 crore) of senior notes. Earlier, the company had issued a tender offer to purchase $300 million worth of its 5.35 per cent guaranteed senior notes of $1 billion due 2024. The offer commenced from June 21 and will expire on July 19, 2022. The company's move to enhance the tender offer follows tendering of debt notes worth over $488 million by the bond holders. The company has come up with the tender offer to optimize its balance sheet and reduce debt.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
