 "India Mobile Congress 2017, Airtel, Reliance, Mukesh Ambani, Sunil Mittal, telecom, telcos")
Companies owned by billionaires Mukesh Ambani and Sunil Bharti Mittal may raise as much as Rs 365 billion ($5.6 billion) selling bonds as the telecom titans build a war chest in what investors hope will be the home stretch in India’s bruising tariff war.
Mittal-controlled Bharti Airtel Ltd., which sold its first-ever rupee bond of Rs 30 billion last month, has approval to raise Rs 165 billion, according to a March 12 filing. Reliance Jio Infocomm Ltd. announced days later that it plans to sell as much as Rs 200 billion of notes, marking the disruptive upstart’s return to the
