INSUBCONTINENT EXCLUSIVE:
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
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.
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