Bharti Airtel repays Rs.6,796 crore debt
Quotes

Bharti Airtel repays Rs.6,796 crore debt

Last Updated: Monday, July 8, 2013, 12:49
 
 Comment 0
 
Bharti Airtel repays Rs.6,796 crore debt
New Delhi: India's largest telecommunication provider Bharti Airtel Monday announced that it has repaid its Rs.6,796 crore debt from the 5 percent stake sale to the Qatar Foundation Endowment.

The company said in a statement that this significant debt reduction will result in the improvement in its capital structure and balance sheet leverage.

“In June 2013, Bharti had issued 199,870,006 new equity shares, representing 5 percent equity stake in the company, to Qatar Foundation Endowment for a total consideration of Rs.6,796 crore,” it said.

IANS


First Published: Monday, July 8, 2013, 12:49


Comments


comments powered by Disqus
Reminiscing Lincoln Continental
Reminiscing Lincoln Continental
Jaguar high-wire water crossing
Jaguar high-wire water crossing
2015 DFW Auto Show
2015 DFW Auto Show
Samsung Galaxy S6, Galaxy S6 Edge
Samsung Galaxy S6, Galaxy S6 Edge
Hyundai i20 Active
Hyundai i20 Active

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved