Moneycontrol Be a Pro
Get App
you are here: HomeNewsBusiness
Last Updated : Apr 08, 2019 07:08 PM IST | Source: Moneycontrol.com

Bharti Airtel gets SEBI nod for Rs 24,000 crore rights issue

Last week, Airtel's board had approved plans to raise Rs 32,000 crore through equity and bond sales.

Moneycontrol News @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Bharti Airtel has received approval from the Securities and Exchange Board of India (SEBI) for a rights approval worth Rs 24,000 crore.

"SEBI has given its nod for the rights issue" a senior government official said on April 8.

The promoter group of Bharti Airtel, including the Bharti Group and SingTel, will subscribe to Rs 11,785.7 crore in the Rs 25,000-crore rights issue while Singapore government's investment arm GIC Pvt. Ltd will be subscribing to shares worth Rs 5,000 crore.

Close
Last week, Airtel's board had approved plans to raise Rs 32,000 crore through equity and bond sales. Of this, Rs 25,000 crore will be raised by way of a rights issue and another Rs 7,000 crore will be mobilised through foreign currency perpetual bonds.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Apr 8, 2019 06:47 pm
Loading...
NULL int(1)
Sections
Follow us on
Available On
PCI DSS Compliant