Singtel, promoters, GIC commit to participate in Airtel ₹32K crore fund raise

Telecom operator Bharti Airtel Thursday received commitment from its single-largest shareholder Singtel, promoters and GIC Singapore to participate in its ₹32,000 crore capital raising programme.

Singapore telecom major SingTel said it will infuse ₹3,750 crore in Bharti Airtel by subscribing to the proposed ₹25,000 crore rights issue of the company.

GIC Private Limited, on behalf of Government of Singapore and Monetary Authority of Singapore, has made a commitment of ₹5,000 crore in the proposed programme.