Shares of Bharti Airtel today rose almost 5 per cent after the company received approval from the board to raise up to Rs 16,500 crore for refinancing debt and paying for spectrum liabilities.
Separately, the company informed exchanges that its board had on Monday approved the transfer of 19% equity shares of DTH arm, Bharti Telemedia, to Nettle Infrastructure Investments Ltd, a wholly-owned unit of Bharti Airtel.
"Any funds if raised from the issuance of aforesaid debt securities shall be used for routine treasury activities including refinancing of existing debt and spectrum liabilities", the filing said.
At NSE, shares of the company climbed 4.82 per cent to close at Rs 421.55. "The latest net asset value of each Subscription Share, based on BTL's Indian GAAP standalone management accounts as of 31 December 2017 was approximately INR23.8 and accordingly, the aggregate net asset value of the Subscription Shares is approximately $40.7m (INR2b)".
President Bhandari re-elected to 2nd term of office Nepal held elections for its national parliament and provincial assemblies in November and December past year . An electoral college, including members of parliament and provincial assemblies, will vote in the election.
Missing CDC Employee Not Passed Over For Promotion The promotion was reflective of "his excellence as an officer and an employee". "Any further questions about Dr. Cunningham's employment, or this statement issued by the CDC today, would need to be answered by the CDC".
The earlier shareholders' nod to raise NCDs up to Rs 10,000 crore is valid till March 12, 2018, which is why the company plans to take a fresh approval from shareholders, according to the BSE filing.
A part of the stake will be utilised for the completion of stake sale in Bharti Telemedia to Warburg Pincus Group.
Mumbai:Bharti Airtel is set to raise as much as Rs 16,500 crore that will give it more firepower to take on rival Jio.
In January, the company had chose to transfer 25 per cent equity shares in Bharti Telemedia to its wholly owned subsidiary Nettle Infrastructure Investments.
This afternoon Zayn hinted at the split in an Instagram post. "She's not like, arrogant in any way, she's confident". The 22-year-old continued, "I'm forever grateful for the love, time and life lessons that Z and I shared".
With NFL free agency set to open this week, Nathan Peterman is the only quarterback on the Bills' roster. Arizona has a first-year coach in place in Steve Wilks and needs to fill out the quarterback depth chart.
William Duncan died Monday night after being transported to the Lakeland Regional Hospital, deputies said. Deputies have not released the names of the wounded men or the person suspected of shooting Bliss.
According to Section 232 of a US trade law, the president can impose tariffs on imported materials for national security purposes. But there are few signs on Capitol Hill of the political will to pass a bill to rein in Trump and avert a trade war.
So they have chosen to go for a significantly higher quality keeping in mind the end goal to meet the desires of the fans. Looking for new level planners is not a last-minute replacement, Square Enix adds.
The men seen by the pharmacist had mean drops of 27 mm Hg in systolic blood pressure and 18 mm Hg in diastolic blood pressure. Researchers are now studying whether the initial blood pressure reductions can be sustained for another six months.
He was the public works (road and buildings) minister during the tenure of former CM Mufti Mohammad Sayeed . My association with PDP dates back to those years when I wasn't even formally into politics, he reminisced.
Amazon has issued a voluntary recall of six AmazonBasics power bank models due to overheating, which has potential fire risk. These recalled units were sold from December 2014 through July 2017 through Amazon's website, Pop-Up stores, and Bookstores.
He was Mourinho's most used player in 2017, with 61 appearances for United in all competitions. "I'm really happy with Marcus". In fact some had suggested that the 20 year old would need to leave Old Trafford to get the football his talents deserve.
Former Cuomo 'Enforcer' Convicted on Corruption Charges
The decision came one day after the panel informed Manhattan Federal Judge Valerie Caproni they had reached an impasse . Cuomo's political rivals to making sure chairs and thermostats were in order for the governor's public appearances.
YouTube Goes Dark on Mobile Devices
Offering a dark theme on YouTube also makes sense from an aesthetic perspective because it gives the app a more cinematic feel. Lo and behold, YouTube for Android and iOS is finally gaining the elusive dark mode, reports The Verge .
Modi at 'Delhi End TB Summit'
According to World Health Organisation ( WHO ), a total of 19,36,158 cases of TB were reported from India in 2016. The Prime Minister Narendra Modi will inaugurate The Delhi End TB Summit at VigyanBhawan in the capital tomorrow.
Wall Street bounces higher as chip stocks gain
US stocks seesawed as investors digested the latest shakeup at the White House and on the heels of a tame inflation reading. The Dow Jones Small-Cap Value TSM Index closed at 10,167.05 for a gain of 16.83 points or 0.17%.
Apple's annual Worldwide Developers Conference begins June 4
Last year's WWDC saw Apple roll out ARKit , a set of developer tools that led to a bit of boom in AR-friend apps for iOS devices . Members of Apple's Developer Program and its Developer Enterprise Program can apply for conference tickets now through March 22.