Bharti said to mull roping in a ‘strategic investor’
The Hindu
Board to decide on preferential issue
Telecom operator Bharti Airtel is looking to onboard a strategic investor through allocation of preferential equity shares, which is scheduled to be discussed at its board meeting on January 28, according to sources.
A source, who did not wish to be named, said the primary goal of the preferential share allocation is not influenced by any sort of liability pressure but is inclined towards onboarding a strategic partner aligned with the long-term business objectives of the company.
Jefferies Equity Research, in a report, said Bharti Airtel’s announcement to consider an equity issuance on preferential basis had come as a surprise as there was no immediate need for capital, in its view.
More Related News