Airtel plans to raise ₹56,000 crore, cut debt by half over 18 months1 min read . Updated: 20 Jul 2018, 08:18 AM IST
Airtel plans to raise $1.5 billion by selling 25% in its African unit, and is also considering listing the unit on two exchangesLondon or Amsterdam, and South Africa
Mumbai: Bharti Airtel Ltd is looking to slash its debt by half over the next 18 months by raising a total of ₹ 56,000 crore from the sale of a stake in its African unit and a phased sale of its holding in the entity created by the merger of Indus Towers and Bharti Infratel Ltd. Airtel had a long-term debt of about ₹ 1.08 trillion as of 31 March, according to its quarterly report.
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