Bharti Airtel Informs BSE About Rs 16,500 Crore Fund Raise Through Non-Convertible Debentures

Bharti Airtel board today approved the company’s plans to raise up to Rs 16,500 crore through privately placed non-convertible debentures (NCDs) and a foreign currency bonds float. The fundraising is to conduct treasury operations including refinancing of debt and spectrum liabilities. The board of directors at Airtel in its meeting held today approved the NCDs issuance of Rs 10,000 crore along with the issuance of foreign currency bonds up to a limit of $1 billion, which comes to Rs 6,500 crore.


“Subject to approval of shareholders and other requisite approvals, the board of directors in its meeting held today has approved the issuance of NCDs of upto Rs 10,000 crore on a private placement basis in such tranches/series and at such rates as may be approved from time to time on a cumulative basis along with all NCDs issued by the company, and the issuance of foreign currency bonds upto a limit of $1 billion (Rs 6,482 crore) or equivalent in one or more tranches,” Bharti Airtel said in a regulatory filing to the Bombay Stock Exchange Monday as reported by Economic Times.

That said, this is the largest-ever fund-raise approved by Airtel’s Board of Directors in a single meeting. It’s also said that the fund raise activity will happen over the next few months.

“Any funds raised from issuance of aforesaid debt securities shall be used for routine treasury activities, including refinancing of existing debt and spectrum liabilities,” added the company.

The leading telecom operator also said that “earlier shareholders’ approval obtained for the issuance of NCDs up to Rs 10,000 crore is valid for a year until March 13, 2018.” This is the reason why Airtel is intending to obtain fresh shareholder approval.

Over the last one year, Airtel has been raising funds to meet the demand of consumers and also to overcome the threat of Reliance Jio. Airtel is largely selling its stake in its wholly owned tower arm Bharti Infratel, and until now, it has raised Rs 12,089 crore through various small stake dilusions.

Bharti Airtel’s net debt stood at Rs 91,714 crore at the end of Q3FY18.

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27 Comments on "Bharti Airtel Informs BSE About Rs 16,500 Crore Fund Raise Through Non-Convertible Debentures"


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March 13, 2018 10:39 am 10:39 AM

Truly every operator is bleeding in debt. Only cash rich company Jio is enjoying it. It’s not a good sign anymore. Ambani is not here to distribute his money to poor indians. Some worst times are gonna come in telecom for customers.

Airtel User
March 13, 2018 2:03 pm 2:03 PM

Let us customers worry for that why executives of avoid worry about it, where were these worries when avoid was charging 299rs for 1GB 3G.

Girish Gowda | BengaLuru
March 13, 2018 2:02 pm 2:02 PM

Airtel still hadn’t gone into losses, genius. Airtel is actually enjoying the most since they got so much spectrum, assets and customers for dirt cheap prices.

March 12, 2018 10:50 pm 10:50 PM

Every operator is dying out of the greediness of Jio andTRAI. Monopoly will not be good for anyone.

Non fake Arena
March 13, 2018 1:10 pm 1:10 PM

It’s bcz poor avoid management…..they didn’t act according to technologies….before 4g phone user used to get blanket 2g, lucky 3g, by chance 4g. Now it’s going to be 4g everywhere. It’s bcz of Jio. Jio model of active users is more successful than avoid old full TT passive model.

Airtel User
March 14, 2018 12:49 am 12:49 AM

+1 Non Fake Arena
How did you come up with such handle ?

Girish Gowda | BengaLuru
March 13, 2018 7:58 pm 7:58 PM

People would have happily paid even Rs. 500 per month for half of what the AVOID cartel gives for Rs. 150 now only if they had given it since the pre-Jio era and utilized the money for building infrastructure and capacity instead of leaning heavily on 2 decades old 2G equipment everywhere.

Airtel User
March 14, 2018 12:50 am 12:50 AM

+1 Girish

Sayak Roy
March 13, 2018 7:23 am 7:23 AM


Airtel User
March 12, 2018 11:57 pm 11:57 PM

Aww cute !! .!.

March 12, 2018 7:31 pm 7:31 PM

Debt of 1 L Crore, Selling huge stakes & now this – Pretty clear that Airtel is not sitting on “tonnes of cash gotten from loot” as Jio bhakts love to wildly claim !!

March 12, 2018 10:27 pm 10:27 PM
Airtel has siphoned of the money earned through 2g network to out of India for expanding in Bangladesh , Srilanka & many African countries. Where did the money come from ??? Africa operations are are loss making & airtel is surviving through India ‘s revenues. Instead of expanding to other countries , they should have invested & moved with technology for India . Project leap with 60000 crores investment is the reason that they are catching up . That money should have been invested years back to get ready for future technology . They have realised & hence Now airtel… Read more »
Airtel User
March 12, 2018 11:59 pm 11:59 PM

+1 but still they claim to be a smartphone network and have presence ladakh and that makes them great right !

March 12, 2018 11:48 pm 11:48 PM

Correction: They have turned around the Africa operations. They are not loss-making there anymore (source: quarterly financial statements). It is Indian operations that is draining AirTel’s money at the moment. Investing in African continent and other countries has been a smart move (and at least it’s not affected by Jio entry).

March 13, 2018 6:55 am 6:55 AM

Airtel till date has not made loss in india. Even last quater they have made profit.

Airtel africa has years of losses behind it & may be a single quater of profit.