Bharti Airtel said the company evaluates various opportunities of potential investor engagement and takes decisions in a judicious manner
According to media report, Google is now in talks to make large investments in Airtel
Indian shares hit record highs for a second straight session, boosted by technology stocks and telecom firm Bharti Airtel, with investors focusing on economic growth data due later in the day
The company stock reacted positively on Monday, ending 4.44 per cent up at Rs 620.35 on BSE
Airtel on Sunday announced a fund raise of Rs 21,000 crore by way of rights issue
'We hope that the spectrum pricing auction will be made attractive,' says Bharti chairman
Airtel's Rs 21,000 crore fund-raising plans will give the firm the fuel to shift to a higher gear and tap large opportunities, its Chairman Sunil Mittal said on Monday.
Investor wealth rose by Rs 3.6 trillion on the BSE today, taking m-cap of all listed BSE companies to Rs 247.34 trillion
Bharti Airtel's fund raising is expected to strengthen its competitive positioning in the market and provide the telco with the necessary ammunition for aggressive 5G rollout, analysts said.
The rights issue is price at Rs 535 per share, with entitlement ratio of one equity share for every 14 equity shares held by eligible shareholders as on the record date
Amit Banerjee took over as Chairman and Managing Director of BEML on Friday
Fund raising mainly to make payments towards AGR-related liabilities
Bharti Airtel might soon get an investment from Google which could run into several thousands of crores, as per media reports.
The stock has corrected about 9 per cent from its record level of Rs 644 touched on August 16
The board will meet on August 29 to consider and approve raising funds via equity, equity-linked or debt instruments or a combination
Sectorally, the metals pack bled the most, down 1.3 per cent, followed by the PSB Index (down 0.8 per cent)
Adani Green's Board will meet later today to consider and approve the fundraising plan while Affle (India's) Board will consider and approve stock split
Telecom operator Bharti Airtel on Wednesday said its board will meet on August 29 to consider various capital raising options.
SC directs DoT that it shall not invoke Airtel's Bank Guarantees for 3 weeks
Overall telephone subscribers in India rose from 1,198.5 million at the end of May 2021 to 1,202.57 million the following month, up 0.34%