As per report Bharti Airtel said on Thursday its promoters would take part in the $4.57 billion capital infusion plan by subscribing to its rights issue.



Meanwhile the Promoter Singapore Telecommunications Ltd (Singtel) will subscribe to 17 crore shares in the Airtel's rights issue for a total consideration of Rs. 3,750 crore ($535.89 million), the Singapore based company said in a separate statement.

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Furthermore Singtel said Singtel and Airtel's major shareholders Bharti Group and Bharti Telecom intend to subscribe to their full entitlement, except for a renunciation by Bharti Telecom in favor of GIC Singapore.

       


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bharati promoter telecommunications subscribe shares

SIBY HERALD

09/03/2019 05:01 AM