Monday, July 8, 2013

Bharti Airtel repays Rs.6796 crore debt

Cambodian Times (IANS) Monday 8th July, 2013

India's largest telecommunication provider Bharti Airtel Monday announced that it has repaid its Rs.6,796 crore debt from the 5 percent stake sale to the Qatar Foundation Endowment.

The company said in a statement that this significant debt reduction will result in the improvement in its capital structure and balance sheet leverage.

"In June 2013, Bharti had issued 199,870,006 new equity shares, representing 5 percent equity stake in the company, to Qatar Foundation Endowment for a total consideration of Rs.6,796 crore," it said.

Source: http://www.cambodiantimes.com/index.php/sid/215687182/scat/d805653303cbbba8

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