New Delhi, June 20 -- Bharti Enterprises' space venture, Bharti Space Ltd, will invest €31.4 million-equivalent to about Rs.313 crore or $36 million-in French satellite operator Eutelsat as part of the latter's €1.35 billion (around Rs.11,250 crore) capital raising plan.

The company aims to use the fresh funds to pare debt and expand investments in satellite constellations, as it pushes to cement its role in the global space communications market, according to a release by Eutelsat on Thursday.

Eutelsat is raising the capital through a mix of a reserve capital increase worth €716 million ( Rs.6,865 crore) and a rights issue of €634 million ( Rs.6,330 crore). Bharti Space, along with other key investors-the French...