Friday, 24 March, 2023

Bharti Airtel to sell share to raise $2.86B for 5G launch in India

<p>Wireless carrier Bharti Airtel announced its plan to raise ₹210 B via a share sale, as part of the preparation to launch 5G in India. Priced at ₹535 each, shares will be about 10% cheaper than the current stock price of Airtel shares of ₹595.15. Shareholders will be able to buy one share for every 14 shares they hold of the Gurgaon-based Airtel. Sunil Bharti Mittal and other founders will also participate in the purchase.</p>