Bharti Airtel Ltd board approves raising Rs. 7,500 crores

The Board of Directors (‘Board’) of Bharti Airtel Ltd, in its meeting held on February 03, 2021, reviewed Company’s routine financing / re-financing strategies including any market maturities in due course, and approved raising of funds as and when deemed appropriate, vide issuance of secured / unsecured , listed / unlisted non-convertible debt securities including debentures, bonds etc. upto INR 7,500 crores (or in equivalent foreign currency) in one or more tranches from time to time, within the limits of Section 180(1)(c) of the Companies Act, 2013 and subject to all applicable regulatory / statutory approval(s).

The Board also authorised the Special Committee of Directors to decide, basis market conditions, on all matters related to the aforesaid issuance of securities including but not limited to the finalization and approval of the detailed terms & conditions, quantum of tranche(s) and timings of the Issue etc.

Shares of BHARTI AIRTEL LTD. was last trading in BSE at Rs.608.8 as compared to the previous close of Rs. 599.65. The total number of shares traded during the day was 1388745 in over 27466 trades.

The stock hit an intraday high of Rs. 622.4 and intraday low of 599.55. The net turnover during the day was Rs. 851015202. EquityBulls.com