Business »  Topic »  Airtel to raise $3 billion, prepares for scenario where it needs to pay Rs 35,586 crore AGR dues

Airtel to raise $3 billion, prepares for scenario where it needs to pay Rs 35,586 crore AGR dues


On November 22, Bharti Airtel filed its review petition in the SC seeking waiver of interest, penalty and interest on penalty, which comprises around 75% of the due amount.

The Bharti Airtel board on Wednesday cleared a proposal to raise $3 billion as the company prepares for a scenario where it needs to pay Rs 35,586-crore adjusted gross revenue (AGR) dues by January 24, 2020. The outcome of Bharti’s limited review petition in the Supreme Court seeking waiver of interest, penalty and interest on penalty, which constitute 75% of the total due amount, is still awaited.

The company ...


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