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Bharti Airtel board to meet on December 4 to consider fundraising plan

The proposal follows the Supreme Court judgment on adjusted gross revenue

SoftBank already has a close relation with the Mittals,  the founders of Bharti
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Megha Manchanda New Delhi
Bharti Airtel on Friday said its board would meet on December 4 to consider its fundraising plan. 

The proposal follows the Supreme Court judgment on adjusted gross revenue (AGR).

“A meeting of the board of directors is scheduled to be held on December 4 to, inter-alia, consider and evaluate any and all proposals for raising of funds, either by issuance of equity shares, and or bonds, including foreign currency convertible bonds,” the company said in a filing.

The board will also evaluate raising of funds through debentures, non-convertible debt instruments along with warrants, convertible debentures , securities or any other equity based instruments

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First Published: Nov 29 2019 | 10:00 PM IST

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