Bharti Airtel gets nod to raise Rs 10,000 crore via NCDs

Mumbai, Mar 12: Telecom Major , Bharti Airtel said that its Board of directors in its meeting held today has approved the issuance of non-convertible debentures (NCDs) of upto Rs 10,000 crore on a private placement basis in such tranches / series and at such rates as may be approved from time to time on cumulative basis along with all NCDs issued by the company.

It also approved issuance of foreign currency bonds upto a limit of USD 1 billion or equivalent in one or more tranches. The issue is subject to the approval of the shareholders and other requisite approvals. UNI