InvestorQ : Is it true that Bharti Airtel is going for a major fund raising plan?
Arti Chavan made post

Is it true that Bharti Airtel is going for a major fund raising plan?

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Rutuja Nigam answered.
3 months ago
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In fact, Bharti is perpetually in capital raising mode as it needs a huge war chest to take on the competition from Reliance Jio in the mobile and digital business. Bharti Airtel has announced on Wednesday that its board would convene towards the end of the month to finalize its next round of capital raising options. The board meeting is scheduled on 29 August wherein a final decision on the fund raising methodology is expected.

Bharti is currently evaluating various alternate options to build a war chest of resources. The funds could be raised either via equity or equity-linked instruments or via pure debt instruments. For the time being, Bharti has not divulged the amount of funds it proposes to raise and the final call is expected only after the board meeting on 29 August. However, it does look like a massive fund raising in excess of $1 billion, with AGR dues also pending.

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