By IANS,
New Delhi : 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.
SUPPORT TWOCIRCLES
HELP SUPPORT INDEPENDENT AND NON-PROFIT MEDIA. DONATE HERE