India’s Bharti Airtel gets board approval to raise up to $2.5b in debt

Bharti chairman Sunil Bharti Mittal
Sunil Bharti Mittal, billionaire, chairman and chief executive officer of Bharti Enterprises Ltd., gestures as he speaks during a panel session at the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 20, 2016. Photographer: Jason Alden/Bloomberg via Getty Images

Bharti Airtel Ltd on Monday said its board has approved a plan to raise as much as Rs16,500 crore by selling non-convertible debentures and foreign currency bonds to refinance borrowings and pay spectrum-related dues to the government.

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