Bharti Airtel board gives nod to raise $3billion

The company, which has been asked to submit Rs 35,586 crore by the SC in three months in its October 24 verdict, said it will raise $2 billion (little over Rs 14,000 crore) through a mix of financial instruments that may include “one or more qualified institutions placement, public and/ or private offerings of equity shares, compulsory convertible debentures/other convertible securities/warrants/ ADR/GDR or a combination”.

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