Bharti earnings today, Africa arm raises $200 m

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Bharti earnings today, Africa arm raises $200 m

Jan 31, 2019 13:29 IST

Airtel Africa will raise 200 million dollars from Qatar Investment Authority, through a primary equity issuance. The amount will be used to reduce the subsidiary's debt to 3.5 billion dollars. The development comes amid Airtel's plans to launch an initial public offering after raising 1.25 billion dollars from the pre-IPO funding round. Bharti Airtel will announce its Q3 results today and there is a possibility, it may report a sharp loss on it's bottomline.

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