Bharti Airtel board plans fundraising plans on August 29

The board of Bharti Airtel will meet on Sunday to consider various fundraising plans, including equity and debt. “A meeting of the board of directors of the company is scheduled on Sunday, August 29, 2021, to inter-alia consider various capital raising options through equity or equity linked or debt instruments or any combination there-of,” Bharti Airtel said in a regulatory filing to the stock exchanges earlier on Wednesday.

The move is expected to give more power to Airtel, as the company takes on rivals in the Indian telecom market that is now gearing up for 5G.