Bharti Telecom raises ₹8,500 crore through bond issuances
after close1 source ↓written by the desknot a recommendation
- through bond issuances
- ₹8,500 crore
- and another
- 7.30% coupon
- three years
- 7.40%
- of Bharti Airtel
- 34.2 million shares
- block deal worth
- ₹7,195 crore
Bharti Telecom has successfully raised ₹8,500 crore through bond issuances, with one tranche maturing in two years at a 7.30% coupon and another in three years at 7.40%. The bonds received robust demand, reflecting strong market confidence. Meanwhile, the promoter group continues share sales, offloading 34.2 million shares of Bharti Airtel in a block deal worth ₹7,195 crore.
This fundraising may enhance liquidity for Bharti Telecom, potentially impacting investor sentiment in the telecom sector.
Not investment advice. For informational purposes only.