Bharti Airtel Ltd.

Bharti Airtel, leading global telecommunications company, has retired debt of Rs 6796 crore. This significant debt reduction will result in an improvement in the capital structure and balance sheet leverage for the Company.

The company has retired debt from proceeds of preferential allotment to QFE. Back in June 2013, Bharti had issued 199,870,006 new equity shares, representing 5% equity stake in the Company, to Qatar Foundation Endowment (QFE) for a total consideration of Rs 6796 crore.

Bharti Airtel operates in 20 countries across Asia and Africa. Headquartered in New Delhi, India, the company ranks amongst the top 4 mobile service providers globally in terms of subscribers.