Airtel board to meet on 29th August for considering various capital raising options

Airtel’s Board of Directors schedule meeting on Sunday to consider various capital raising options.

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Telecom giant Bharti Airtel’s Board of Directors will be meeting on 29th August 2021 to inter-alia consider various capital raising options through equity or equity-linked debt instruments or any combination thereof. The other combinations may include rights issues, qualified institutions placement, preferential issue, convertible instruments issued domestically or foreign currency convertible bonds or warrants on a preferential or marketed basis.

Airtel’s board will also consider straight long-dated debt in rupee or foreign currency or any other mode including any combination thereof as the Board may deem appropriate.

Further to our previous communication dated August 25, 2021, we wish to inform you that pursuant to Regulation 29(1 )(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a meeting of the Board of Directors of the Company is scheduled on Sunday, August 29, 2021, to inter-alia consider various capital raising options through equity or equity linked debt instruments or any combination thereof including through rights issue, qualified institutions placement, preferential issue, convertible instruments issued domestically or foreign currency convertible bonds, or warrants on a preferential or marketed basis, or straight long dated debt in rupee or foreign currency or any other mode including any combination thereof, as the Board may deem appropriate,” said Bharti Airtel in a regulatory filing.

Airtel had earlier this year considered raising of capital through various instruments like debentures, bonds, loans etc through Indian rupees or in foreign currency. The company set plans afoot to raise capital through routine financing and re-financing strategies. 

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Avatar of Basil Kannagi Arasu
Basil Kannagi Arasu

Editor-in-chief

Basil keeps an eye on the latest happenings in the Telecom sector. In his free time, you can find him streaming the Premier League which he started watching in 2013.

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