Singtel associate Bharti Airtel proposes to raise up to US$3b
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Fiona Lam
Singapore
BHARTI Airtel has proposed to raise up to US$3 billion in a mega debt-equity exercise ahead of its deadline to pay a hefty fine.
The Indian associate telco of mainboard-listed Singtel is looking to issue shares worth US$2 billion via a qualified institutional placement with a floor price of 452.09 rupees per share, according to Singtel's bourse filing on Thursday.
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