Bharti Airtel Plans to Raise Up to Rs. 21,000 Crores via Share Sale in Preparation for 5G Launch
Bharti Airtel said it plans to raise up to Rs. 21,000 crores via a sale of shares to existing shareholders as it builds a war chest to prepare for the launch of 5G services..Bharti said the shares would be priced at Rs. 535 apiece, which is around a 10 percent discount to Friday's close of Rs. 595.15.Bharti founder-chairman Sunil Mittal and others in the founder group will also participate in the share purchase, the company said in a statement.The company said that shareholders would be eligible to buy one share for every…