Moneycontrol PRO

business

Bharti gets investor okay for $1-bn bond issue: Sources

Bharti Airtel has reportedly received investor okay for issuing bonds worth USD 1-1.2 billion, reports CNBC-TV18, quoting sources. The Bharti board will take a final call post shareholder approval. Sources said capital rasied via bond issue will be used to retire part of its debt that accounted for Zain (Africa) acquisition.

first published: Jun 10, 2011 02:30 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347
CloseGen AI Masterclass