New Delhi, Jan. 9 -- Leading telecom player Bharti Airtel on Wednesday launched qualified institutional placement (QIP) of shares and issue of Foreign Currency Convertible Bonds (FCCBs).
The company has fixed the floor price for QIP at Rs 452.09 per equity share as against Wednesday's closing price of Rs 458.95 on the BSE.
In a regulatory filing, the company said that the QIP will be of equity shares of face value of Rs 5 each.
The company also launched the issue of Foreign Currency Convertible Bonds (FCCBs) to raise $1 billion.
"It is further informed that Fitch Ratings has assigned 'BBB-'/RWN' rating to the proposed issuance of FCCBs by the company," Bharti said in a filing to the stock exchange.
The Bharti board had earlier approved...