New Delhi, July 10 -- Bharti Space Ltd will invest an additional €120 million (about Rs.1,204 crore) in French satellite operator Eutelsat Communications S.A. through a rights issue as part of the latter's €1.5 billion (over Rs.15,000 crore) capital raising plan, the Starlink rival said in a statement on Thursday.
This investment by Bharti Enterprises' space venture is in addition to Rs.300 crore or €30 million, which it had committed earlier through a reserve capital increase process. Bharti Space holds a 24.09% stake in Eutelsat Group.
On 19 June, Eutelsat announced that it is raising capital of €1.35 billion (around Rs.11,250 crore)through a mix of a reserve capital increase worth €716 million ( Rs.6,865...
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