Bharti Airtel Ltd.

BSE: 532454 | NSE: BHARTIARTL
Large Cap | Telecommunication - Service Provider
1981.85
-3.40 (-0.17%)
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RBI increases FII limit in Bharti Airtel to 74%

Date: 04-07-2014

Reserve Bank of India has increased the limit of investments by Foreign Institutional Investors (FIIs)/Registered foreign portfolio investors in Bharti Airtel to 74% of the company’s paid-up capital. The company has already passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs.

Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers globally in terms of subscribers.