As on 31 December 2017, Airtel’s debt stood at Rs91,714 crore higher than the Rs91,480 crore in the previous quarter. Photo: MintNew Delhi: Bharti Airtel Ltd plans to issue non-convertible debentures (NCDs) worth up to Rs3,000 crore on a private placement basis, the company said in an exchange filing late on Thursday. Airtel recently announced that Singapore Telecommunications Ltd will indirectly raise its stake in it by investing Rs2,649 crore in Bharti Telecom Ltd, the promoter firm, through a preferential allotment of shares. Airtel last year also said it may sell a controlling stake in tower arm Bharti Infratel Ltd. Bharti Airtel and its wholly-owned arms own 53.51% in the tower firm at present. On Friday, shares of Bharti Airtel rose 0.19%, or Rs0.75, to Rs 401.95 apiece on the BSE while the benchmark Sensex fell 0.13%, or 44.43 points, to end the day at 33,307.14 points.

Source: Mint March 09, 2018 14:14 UTC