Tariff hike only way; we won't shy away: Bharti Airtel's Sunil Mittal

The company stock reacted positively on Monday, ending 4.44 per cent up at Rs 620.35 on BSE

A day after the board of Bharti Airtel approved a Rs 21,000-crore rights issue primarily to fund its dues linked to adjusted gross revenue (AGR), chairman Sunil Bharti Mittal pressed for tariff hike as the only way forward for the telecom industry.

"We have done our bit in a limited way, we have run out of patience and we can't be an outlier all the time," Mittal said at the company's investor call on Monday, while reiterating that the company would not shy away from raising tariffs.

The company stock reacted positively on Monday, ending 4.44 per cent up at Rs 620.35