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Bharti Airtel repays debt worth Rs 6,796 crore

08-Jul-2013 / 4:38 am
Kerala Updates: Telecom major BhartiAirtel has clears Rs 6,796 crore, or over 10%, of its debt by using the equivalent sum of amount it received by selling 5% stake to Qatar Foundation Endowment last month.
The company said on Monday in a statement "it has retired equivalent debt from the proceeds (Rs 6,796 crore) of the preferential allotment in June 2013 of 5% equity shares in Bharti Airtel at the rate of Rs 340 per share to Qatar Foundation Endowment".
Bharti Airtel had reported a net debt of Rs 63,839.5 crore as on March 31, 2013.
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