Bharti Airtel promoters, GIC to subscribe half of Rs 32,000 rights issue

New Delhi: Promoters of Bharti Airtel along with Singapore government’s investment arm GIC Private Ltd will subscribe to over half of the proposed Rs 32,000 crore rights issue in a bid to infuse funds in the company.

“The entire rights entitlement of promoter and promoter group of approximately Rs 167,857 million (Rs 16,785.7 crore) will be subscribed by them and GIC,” Bharti Airtel said in a statement on Thursday.