New Delhi: Telecom Board Bharti Airtel operator on Tuesday gave approval to raise up to 7,500 crore rs through a debt instrument.
The Board also ratifies the Special Directors’ Special Committee to decide (based on market conditions) on all matters relating to the issuance of such securities, including finalization and approval terms and conditions, quantum of tranche, and time.
In the submission of regulations, Airtel said that the Board of Directors in his meeting on Tuesday reviewed routine financing companies and return financing strategies, including every market schedule in time.
This has “indeed allowed approval for refinancing Debt Vide instruments (such as and when deemed appropriate) through the issuance of guaranteed / unsecured debt securities, registered / cannot be converted including Deben, Bonds etc.
to 7,500 crore (or equivalent) (or equivalent ) Foreign currency) in one or more stages over time …
subject to all applicable regulatory / legislation approval, “said the company.
Last month, Bharti Airtel announced that Tech Titan Google would invest as much as $ 1 billion in the company to take 1.28 percent of the shares and increase the offer of the second largest cellphone operator in India.