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Bharti Airtel approves fundraising up to $3 bn via debt & equity

Dec 05, 2019 11:54 IST

The board of Bharti Airtel has approved a plan to raise up to $3 billion via the debt and equity route. Of the total amount, $2 billion will be raised via a qualified institutional placement or QIP. The remaining amount may be raised through the issuance of foreign currency convertible bonds or other similar security denominated in foreign currencies. The stock was trading with losses .

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