Bharti Airtel gains 4% on on plans to raise fund via preferential issue

The company's board will meet on January 28, to consider raising funds via a preferential share issue to investors other than its promoter group.

Shares of Bharti Airtel moved 4 per cent higher to Rs 717.50 on the BSE in Tuesday’s intra-day trade in an otherwise range-bound market after the telecom services provider announced its plan to raise funds via preferential issue.

Bharti Airtel informed the exchanges on Monday market hours that its board will meet on January 28, to consider raising funds via a preferential share issue to investors other than its promoter group.

On January 7, 2022, Bharti Airtel had said that it will pay interest on the deferred spectrum and adjusted gross revenue (AGR) liabilities, and will not issue