Thursday , October 28 2021

Bharti Airtel eyeing to raise funds upto Rs 15,000 crore

Bharti Airtel is reportedly eyeing to raise funds worth Rs 12,000-15,000 crore through issue of fresh shares to repay debt and bring down borrowing costs in FY19. The move is a part of the company’s strategy to raise about Rs 30,000 crore in three tranches to meet capital expenditure, bolster cash flows, reduce debt and financing costs.

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

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