Airtel stock down 1.5% in early trade; board to meet Aug 29 on fund raise

Bharti Airtel shares were trading 1.5% lower in early trade, a day after India’s second largest telco said its board will meet on August 29 to consider and approve raising funds via equity, equity linked or debt instruments or a combination.

The stock was trading 1.5 per cent lower at Rs 603 on the BSE Thursday. Shares of the telco had closed 1.2% lower at Rs 612.45 on Wednesday.