Photo: Bloomberg Quint
As per a filing with the stock exchanges, Bharti Airtel has announced its plan to to hold a board meeting on August 29, 2021. The meeting is being held to consider and approve fund-raising via equity, equity linked or debt instruments or any combination that the board considers appropriate.
According to industry sources, Airtel’s latest move is likely aimed at meeting its adjusted gross revenue (AGR) and spectrum dues totaling nearly Rs 130 billion coming up for payment in the first half of 2022.
In June 2021, Airtel had said that it had already raised $12 billion in the past 24 months.
