Aug 31, 2021By: Rounak Jain
To sell up to 3,200 MW power on power exchange for one month in Mundra, Gujarat to ease electricity supply.
Has denied reports of its partnership with Tesla.
To take steps to raise tariffs, the company’s founder Sunil Mittal said.
Airtel intends to increase its average revenue per user by 37 percent to ₹200 this year, and subsequently, to ₹300.
To sell up to 1,200 MW power on power exchange for one month in Mundra, Gujarat to ease electricity supply.
Entered into an agreement with Bharti Enterprises to sell 20 crore equity shares in Airtel Payments Bank at ₹295 crore.
Its board has approved a plan to raise $1 billion by selling foreign currency or rupee denominated bonds.
Closed its ₹3,000 crore qualified institutional placement at an issue price of ₹62.89 per share, which is at a discount of 5 percent over the floor price.
Its proposed offshore Additional Tier 1 bonds have been rated B1 (hybrid), also known as B , by Moody’s, which should increase the cost of bonds for the bank.