Bharti Airtel sets up special committee to explore fundraising options

Bharti Airtel sets up special committee to explore fundraising options

REUTERS/Adnan Abidi

India’s No.2 telecom firm, Bharti Airtel Ltd, has formed a special committee to explore and evaluate fundraising options with an aim to strengthen the company’s capital structure and balance sheet as it battles Reliance Jio Infocomm Ltd in the telecom battleground. The committee will place its recommendations before the company’s board for final approval, Airtel said in a filing to the exchanges.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter