Bharti Airtel’s board will meet today to consider fund raising through various modes like issuance of equity shares, bonds (including foreign currency convertible bonds) and equity-based instruments among others.
The board will also evaluate other modes such as qualified institutions placement or rights issue or a combination of these in its December 4 meeting, Bharti Airtel said in a stock exchange filing on November 29.
Also read: Bharti Airtel seeks to raise $3 billion to fund AGR dues
While Airtel did not disclose the amount that it plans to raise, sources said the company was looking to raise $3 billion to fund AGR dues.
Source: The Hindu