Mumbai: Shares in Bharti Airtel fall 2.4 per cent after a newspaper reported that India's biggest mobile carrier is exploring issuing new shares to raise funds, citing two people aware of the plans.
The report added Bharti was also examining other options, including external commercial borrowings or a possible stock market listing of unit Bharti Infratel.
A Bharti official declined to comment on the report.
Bharti has been widely expected to raise funds to reduce its debt exposure from its acquisition of mobile operations in 15 African countries from Kuwait's Zain.
Copyright Thomson Reuters 2012
The report added Bharti was also examining other options, including external commercial borrowings or a possible stock market listing of unit Bharti Infratel.
A Bharti official declined to comment on the report.
Bharti has been widely expected to raise funds to reduce its debt exposure from its acquisition of mobile operations in 15 African countries from Kuwait's Zain.
Copyright Thomson Reuters 2012
