Thursday, October 6, 2022
HomeEconomyBusinessBharti Telecom to raise up to Rs 6,000 crore debt via NCDs

Bharti Telecom to raise up to Rs 6,000 crore debt via NCDs

Last week, Singtel sold 1.76% in Airtel through block deals for a little over Rs 7,100 crore. Bulk of that stake – around 1.62% – was acquired by BTL for Rs 6,604 crore, while the balance (0.14%) was acquired by public shareholders in Airtel. BTL is now raising fresh debt to part-finance the remaining 1.57% stake buy from Singtel, one of the people cited told ET.
source

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments