Bharti Airtel Board To Meet On Friday, Mulls Fundraise Via Preferential Issue | Hafftime Report

Bharti Airtel announced that it will be considering fundraise in its board meet to be held on January 28. If approved, these funds will be raised from parties other than the promoter group by issuing shares on a preferential basis. The announcement comes as a surprise, as the company is not in immediate need of funds. It is already in the middle of a right issue and has the option to raise Rs 15,750 crore from existing shareholders by calling the balance amount on the rights issue. Watch the video to know, why the company might be raising funds and what does it mean for investors.#CNBCTV18 #BusinessNews #ShareMarketToday #Nifty #Sensex