Airtel's Rs 21k-cr rights issue may open exit door for Voda Idea: Analysts

Bharti Airtel's staggered equity capital raise may also create adequate headroom to prepare for a scenario of plausible exit of Vodafone Idea in the medium term, fear analysts

Shares of Bharti Airtel fired up on the bourses on Tuesday after chairman Sunil Bharti Mittal said on Monday that tariff hike was the only way forward for the telecom industry. This came a day after the Board approved a Rs 21,000-crore rights issue primarily to fund its dues linked to adjusted gross revenue (AGR). 

Indicating a target for a tariff hike, Mittal said the monthly ARPU (average revenue per user) should touch Rs 200 by the end of the current fiscal, projecting a 40 per cent rise from the current Rs 146 a month. Eventually, it should go up