Bharti Airtel board today approved the company's plans to raise up to Rs 16,500 crore through privately placed non-convertible debentures (NCDs) and a foreign currency bonds float.
It went to say that it would also issue $1 billion foreign currency bonds on one or more tranches.
"Any funds, if raised from the issuance of aforesaid debt securities, shall be used in routine treasury activities, including refinancing of existing debt and spectrum liabilities", the filing added.
The country's largest telecom operator has in the last one year announced several measures to trim debt and defend its business under an onslaught from newest entrant Reliance Jio.
Kinder Easter Egg Hunt retailer competition returns
The city recreation department and commission are gearing up for the annual Christy Haberstroh Easter Egg Hunt, set for 2 p.m. The Warrensburg Parks and Recreation kicks off Easter weekend with three "EGG " cellent egg themed events.
Hundreds of women in Microsoft complain of sexual harassment
Along with the number of complaints filed, human resource practices were released publicly in a legal filling submitted on Monday. This figure was outlined by plaintiffs who were denied pay raises and promotions in the world's largest software company.
Russian exile Glushkov in mystery death in London
An exiled Russian who was friends with an oligarch that fell out with Vladimir Putin has been found dead in Britain . A tribute to Glushkov was posted on Facebook by his friend, the newspaper editor Damian Kudryavtsev.
Bharti Airtel recently announced that Singapore Telecommunications Ltd (Singtel) will indirectly raise its stake in Bharti Airtel by investing Rs 2,649 crore in Bharti Telecom Ltd, the promoter company, through a preferential allotment of shares.
The company will now approach shareholders for final approval of the proposed funds. "The latest net asset value of each Subscription Share, based on BTL's Indian GAAP standalone management accounts as of 31 December 2017 was approximately INR23.8 and accordingly, the aggregate net asset value of the Subscription Shares is approximately $40.7m (INR2b)".
Earlier, Airtel had pared stake in tower arm Bharti Infratel. Through various transactions of stake sale in the subsidiary, it had raised Rs 12,089 crore.
According to an announcement, BTL is a promoter company of Bharti Airtel Limited (BAL), a company whose shares are listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Ltd (NSE). However, analysts said this will bring in only a short-term relief to the industry reeling under financial stress.
Portrait of Belgian-born actress Audrey Hepburn (1929 - 1993) and French fashion designer Hubert De Givenchy , mid 1980s. When Hubert met Audrey Hepburn in 1957, both of their careers would be set in motion on the big screen and on the runway.
Perpetual Ltd acquired a new position in shares of Amazon .com during the 2nd quarter valued at $25,356,000. (NASDAQ:AMZN). Thill maintains a Buy rating on Amazon and raises its target from $1,750 to $1,850, a 16% upside to yesterday's close.
Analyse opportunities in the market for various stakeholders by identifying the high-growth segments of Competent Cells market . The major application areas of Bacterial cell are Pharmaceuticals, cosmetics, and food & beverages.
There had been various leaks and rumors that suggested this new version of GTA 5 for PlayStation 4 and Xbox One . However, Kotaku UK has said that its sources claim the release date was pushed back to April at short notice.
Brunner later disclosed that he was legally adopted by his grandparents, the court ruling states, which disqualifies his claim. Freeman joked that he wanted to place his late grandfather's ashes inside the doll and take him fishing in Manatee County.
Once it's in the air, a single propeller drives Cora at about 110 miles per hour, between altitudes of 500 and 3,000 feet. The company plans to build, own and operate a fleet of Cora's, providing an on-demand self-flying taxi service.
Parliament proceedings washed out for 7th day in a row
However, the members in the Well, including those from TDP and AIADMK, continued to raise slogans and displaying placards. But Naidu said a discussion can be allowed under rule 176, which was not acceptable to the protestors.
American Idol premiere on ABC is least-watched in history
The heartfelt performance of the iconic tune had an immediate effect on Perry , who had to fight back tears as Francisco sang. Now living in Orlando, Sardor informs us that he has "a big range" and can sing "the male part and the female part" of songs.
The Lam Research (LRCX) Trading 5.7% Higher on Analyst Upgrade
It is negative, as 33 investors sold INTU shares while 249 reduced holdings. 42 funds opened positions while 50 raised stakes. It improved, as 51 investors sold LRCX shares while 238 reduced holdings. 87 funds opened positions while 207 raised stakes.
Shia LaBeouf blames Georgia arrest on 'white privilege'
McEnroe , who's also known for his fiery temper. "McEnroe was a master at his rage", he says. "I'm a buffoon", he confesses. "What went on in Georgia was mortifying". "White privilege and desperation and disaster..." He adds: "I f**ked up".
BidaskClub Upgrades Paylocity (PCTY) to "Buy"
Ubs Asset Mngmt Americas has 15,931 shares for 0% of their portfolio. 746,543 are owned by Alliancebernstein Limited Partnership. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock.
White House aide John McEntee fired, under investigation
The cause of the firing was an unspecified security issue, said a third White House official with knowledge of the situation. John McEntee, a personal assistant to President Donald Trump , was sacked and escorted from the White House on Monday.
Closing Time Looms for All Toys R Us Stores
Both Hasbro and Mattel saw a decline in sales past year , and now the toy companies are losing one of their biggest retailers. Toys R Us is preparing for liquidation and may shutter all of its roughly 800 USA stores, according to multiple media reports.
(ROST) Holdings Trimmed by UBS Asset Management Americas Inc
Buckingham Capital Management Inc acquired 77,868 shares as Ross Stores Inc (ROST)'s stock declined 9.26%. (NASDAQ: ROST ). It fall, as 48 investors sold KO shares while 641 reduced holdings. 111 funds opened positions while 645 raised stakes.
Buffalo Bills, DT Star Lotulelei agree to five-year deal
Lotulelei's value isn't seen entirely in stats, considering he's tallied between 22 and 26 tackles in each of the last four years. The overhaul comes despite the Bills coming off a 9-7 season in which they ended a 17-season playoff drought.
Trey Burton to sign with Bears
He gives quarterback Mitch Trubisky yet another weapon; the Bears agreed to sign receiver Allen Robinson earlier Tuesday. In those two seasons, he registered 60 receptions for 575 yards and six touchdowns, with a minimal number of starts.