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Bharti Airtel gets shareholders nod to raise up to $3 billion

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Bhart Airtel fund raising: Bharti Airtel gets shareholders nod to raise up to $3 billion - The TheIndianSubcontinentNever miss a great news story!Get instant notifications from TheIndianSubcontinentAllowNot nowYou can switch off notifications anytime using browser settings.NewsStock Analysis, IPO, Mutual Funds, Bonds - MoreLast month, Bharti Airtel had said it would seek shareholders' approval at an EGM on January 3 for raising up to USD 2 billion through qualified institutional placement, public issue, preferential shares or private placement.

PTI|Jan 04, 2020, 05.58 PM ISTReutersAn additional up to USD 1 billion was sought to be raised through foreign currency convertible bonds (FCCB) or debentures, the company had said in its EGM notice.Shareholders of Bharti Airtel have approved proposals to raise up to USD 2 billion in equity and another USD 1 billion in debt.

The proposal for issuance of securities for amount up to USD 2 billion received 99.99 per cent votes in favour of the special resolution at the company's EGM held on January 3, a regulatory filing showed.

The second special resolution was for issue of foreign currency convertible bonds and unsecured/secured redeemable non-convertible debentures along with or without warrants.

This also received 99.99 per cent votes in favour of the proposal.

Last month, Bharti Airtel had said it would seek shareholders' approval at an EGM on January 3 for raising up to USD 2 billion through qualified institutional placement, public issue, preferential shares or private placement.

An additional up to USD 1 billion was sought to be raised through foreign currency convertible bonds (FCCB) or debentures, the company had said in its EGM notice. InterGlobe to hold shareholders meet on Jan 29Promoters may ‘Give Way’ to controlling shareholdersIndiGo's Rakesh Gangwal seeks to ease rules on shareholdingsReliance Retail shareholders may challenge RIL share swap at NCLTCommenting feature is disabled in your country/region.Browse CompaniesABCDEFGHIJKLMNOPQRSTUVWXYZ|123456789To see your saved stories, click on link hightlighted in bold




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