India's Bharti Airtel to reduce debt and fuel growth with $2.87 bln capital raise - NewsBreak
By Alexdemarco in Business
Updated 3 years ago
MUMBAI, Aug 30 (Reuters) - The founder of Bharti Airtel said on Monday the Indian wireless carrier wanted to improve its access to growth capital and reduce its debt leverage a day after it announced its plans to raise up to 210 billion rupees ($2.87 billion) via a sale of shares to existing shareholders.