Bharti Airtel to raise up to ₹7,500 crore

Bharti Airtel Ltd will raise up to ₹7,500 crore through debt instruments such as debentures and bonds in one or more tranches, the company said in a statement on Wednesday.

The fundraising has been announced as the telecom sector prepares for the upcoming spectrum auction in March and the rollout of 5G wireless service later this year.

“The board reviewed the company’s routine financing/re-financing strategies including any market maturities in due course, and approved raising of funds as and when deemed appropriate, vide issuance of secured/unsecured, listed/unlisted non-convertible debt securities including debentures, bonds etc.,” the company said.