Business & Investment

Airtel’s board of directors meeting on February 17 to discuss readjustment of subsidiary shares

New Delhi: The Board of Directors met on February 17 with a strategic plan Reorganization of Shareholding framework May lead to consolidation and acquisition of that unit stock..

“Our Board of Directors will meet on Wednesday, February 17, 2021 to discuss future strategic plans and restructuring of the shareholding framework. subsidiary the company (ies), As a result, the consolidation / acquisition of the shares of the subsidiary may occur, and the concentration may be discharged through the issuance of our shares on a preferred and / or cash preferred basis. ” Says. Statement on Friday’s BSE.

telco recently reported consolidated net income for the third quarter after recording losses for the sixth consecutive quarter against the backdrop of the continued revival of Indian businesses such as mobile services, enterprise and direct-to-home businesses.

This is behind the telco’s plan to raise Rs 7,500 through debt certificates such as corporate bonds and bonds in one or more tranches.

Airtel is also competing to buy the spectrum at the next auction, which will start on March 1.



Airtel’s board of directors meeting on February 17 to discuss readjustment of subsidiary shares

https://economictimes.indiatimes.com/markets/stocks/news/airtels-board-to-meet-on-february-17-to-discuss-rejig-of-subsidiaries-shareholding/articleshow/80885907.cms Airtel’s board of directors meeting on February 17 to discuss readjustment of subsidiary shares

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