Swaminathan Janakiraman, a nominee director representing State Bank of India (SBI), has resigned as the Director of the company.

Bharti Telecom has Rs 85 billion of debt on its balance sheet, according to IIFL Securities.

Airtel, Vodafone Idea and other telcos owe the government nearly Rs 1.47 lakh crore in past statutory dues.

The issue price was at a discount of 1.57 per cent to the stated floor price of Rs 452.09 per equity share.

Airtel is looking to raise the money through a private placement of equity shares.

The QIP is likely to be priced at Rs 445 a share against the base price of Rs 435 per unit.

Morgan Stanley has maintained overweight stance on Bharti Airtel.

In a statement to stock exchanges on Wednesday, the telco said it plans to raise $2 billion through a qualified institutional placement (QI...

The fundraising has come at a time when the company has to pay Rs 35K cr of statuary dues.

Qualified institutional placements (QIPs) have witnessed a rebound in the year so far.

Bharti Telecom holds around 41 per cent stake in Bharti Airtel while foreign promoter entities hold 21.46 %.

Airtel will launch one or more QIPs or OFS or a combination of similar offers to raise $2 billion.

Last November, Vodafone Idea — born out of the merger of erstwhile Vodafone India and Idea Cellular — had announced plans to raise Rs 25,00...

The company's board of directors today passed a resolution authorising the opening of the QIP from June 24, RCom said in a BSE filing.

The company will be investing up to Rs 3,500 crore in the current fiscal to build network and launch 3G services in Delhi by next year.

According to analysts, most of the telecom operators such as Bharti Airtel, Reliance Comm and Idea are likely to have had a tough second qu...

Shares of Balaji Industries were among the big losers on Monday, shedding over 4% to close at Rs 264.65. The company had made a qualified i...