X

我们使用cookie,以确保适合你的经验

我们用饼干和其他跟踪技术来提高你的浏览体验在我们的网站上,显示个性化内容和有针对性的广告,分析网站流量,并理解我们的观众来自哪里。你也可以阅读我们的隐私政策,我们使用cookie来确保你在我们的网站上的最好的体验。

选择我接受,或继续在网站上,你同意我们使用饼干和条款和条件。

得到应用
Bharti Telecom<\/a> (BTL), a key promoter company of Bharti Airtel<\/a>, plans to raise up to Rs 6,000 crore of debt via non-convertible debentures (NCDs) to buy the balance portion of the 3.33% stake that Singapore Telecommunications (Singtel<\/a>) will sell in the Indian telco.

The proposed rupee-linked NCDs are likely to be subscribed primarily by top foreign portfolio investors (FPIs), three people aware of the matter said. Some local institutional investors may also participate, they added.

Last week, Singtel sold 1.76% in Airtel<\/a> through block deals for a little over Rs 7,100 crore. Bulk of that stake - around 1.62% - was acquired by BTL for Rs 6,604 crore, while the balance (0.14%) was acquired by public shareholders in Airtel. BTL is now raising fresh debt to part-finance the remaining 1.57% stake buy from Singtel, one of the people cited told ET.

Banks Involved <\/strong>
BNP Paribas<\/a>, HSBC<\/a>, Japan's MUFG and Standard Chartered<\/a> Bank among others are likely helping BTL to raise the money via rupee-linked NCDs.

\"Overseas lenders' foreign portfolio units are likely to subscribe to the NCDs,\" said an executive directly involved in the exercise. The NCDs are expected to be of shorter duration between one and three year maturities.

At press time, queries to BTL and Airtel did not elicit a response. Individual banks didn't comment either. Airtel shares closed 0.45% higher on the BSE Monday.

\"Singtel<\/a><\/figure>

Singtel sells 1.76% in Airtel mainly to Bharti Telecom<\/a><\/h2>

Last month, Singtel had said it would sell a 3.33% stake in Airtel to BTL for $1.61 billion (about Rs 12,900 crore)—over 90 days—as it looks to boost shareholder returns and increase return on invested capital. Singtel and Sunil Mittal's Bharti Enterprises had also said they would work towards equalising their effective shareholdings in Airtel over time.<\/p><\/div>

Bharti Telecom<\/a> (BTL), a key promoter company of Bharti Airtel<\/a>, plans to raise up to Rs 6,000 crore of debt via non-convertible debentures (NCDs) to buy the balance portion of the 3.33% stake that Singapore Telecommunications (Singtel<\/a>) will sell in the Indian telco.

The proposed rupee-linked NCDs are likely to be subscribed primarily by top foreign portfolio investors (FPIs), three people aware of the matter said. Some local institutional investors may also participate, they added.

Last week, Singtel sold 1.76% in Airtel<\/a> through block deals for a little over Rs 7,100 crore. Bulk of that stake - around 1.62% - was acquired by BTL for Rs 6,604 crore, while the balance (0.14%) was acquired by public shareholders in Airtel. BTL is now raising fresh debt to part-finance the remaining 1.57% stake buy from Singtel, one of the people cited told ET.

Banks Involved <\/strong>
BNP Paribas<\/a>, HSBC<\/a>, Japan's MUFG and Standard Chartered<\/a> Bank among others are likely helping BTL to raise the money via rupee-linked NCDs.

\"Overseas lenders' foreign portfolio units are likely to subscribe to the NCDs,\" said an executive directly involved in the exercise. The NCDs are expected to be of shorter duration between one and three year maturities.

At press time, queries to BTL and Airtel did not elicit a response. Individual banks didn't comment either. Airtel shares closed 0.45% higher on the BSE Monday.

\"Singtel<\/a><\/figure>

Singtel sells 1.76% in Airtel mainly to Bharti Telecom<\/a><\/h2>

Last month, Singtel had said it would sell a 3.33% stake in Airtel to BTL for $1.61 billion (about Rs 12,900 crore)—over 90 days—as it looks to boost shareholder returns and increase return on invested capital. Singtel and Sunil Mittal's Bharti Enterprises had also said they would work towards equalising their effective shareholdings in Airtel over time.<\/p><\/div>