Bharti Telecom to raise up to ₹6,000 crore debt via NCDs

Bharti Telecom (BTL), a key promoter company of Bharti Airtel, plans to raise up to ₹6,000 crore of debt via non-convertible debentures (NCDs) to buy the balance portion of the 3.33% stake that Singapore Telecommunications (Singtel) will sell in the Indian telco.

The proposed rupee-linked NCDs are likely to be subscribed primarily by top foreign portfolio investors (FPIs), three people aware of the matter said. Some local institutional investors may also participate, they added.