You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Bharti Airtel to mull bond issue after meeting global investors

Capital Market 

The telecom major will meet global fixed income investors on or after 23 February 2021.

Bharti Airtel said it will meet global fixed income investors on or after 23 February 2021, following which and subject to market conditions, the company will take a final decision with reference to the issuance of foreign currency bonds/notes, and a deal may or may not follow, it said.

"Accordingly, subject to such final decision, a duly authorized Special Committee of Directors may meet anytime on or after two working days to consider the Issuance and its detailed terms and conditions," the teleco said in a BSE filing made after market hours today.

Bharti Airtel is a global telecommunications company with operations in 18 countries across South Asia and Africa.

On a consolidated basis, the telecom major reported a net profit of Rs 853.60 crore in Q3 FY21 as against net loss of Rs 1035.30 crore in Q3 FY20. Net sales during the quarter increased by 20.8% year-on-year (YoY) to Rs 26517.80 crore.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, February 22 2021. 16:36 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU