Bharti Airtel hopes to issue bonds of up to $1 billion in FY13

NEW DELHI Fri Feb 1, 2013 11:14am IST

A man stands next to a shop painted with an advertisement for Bharti Airtel on the outskirts of Jammu December 11, 2012. REUTERS/Mukesh Gupta

A man stands next to a shop painted with an advertisement for Bharti Airtel on the outskirts of Jammu December 11, 2012.

Credit: Reuters/Mukesh Gupta

Related Topics

Stocks

   

NEW DELHI (Reuters) - Bharti Airtel Ltd (BRTI.NS), India's top mobile network operator, hopes to issue dollar bonds of up to $1 billion in the current fiscal year that ends in March, Sarvjit Dhillon, Group CFO at Bharti Enterprises, said on Friday.

Bharti Enterprises is the parent of Bharti Airtel which on Friday reported a fall in net profit for the twelfth consecutive quarter, missing estimates by a wide margin.

Bharti Airtel, controlled by billionaire Sunil Mittal, said consolidated net profit fell to 2.84 billion rupees in the fiscal third quarter that ended December 31, from 10.11 billion rupees a year earlier.

(Reporting by Devidutta Tripathy; Editing by Jijo Jacob)

FILED UNDER:
  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Tobacco Control

Tobacco Control

India moves toward ban on loose cigarettes to deter smoking   Full Article 

Modi at SAARC

Modi at SAARC

Modi gives Buddha a miss as SAARC leaders flock to Nepal.  Full Article 

Reuters Insight

Reuters Insight

In Modi’s India, green shoots of reform from Rajasthan.  Full Article 

Investing in ETFs

Investing in ETFs

U.S. investors elevate India over other emerging markets  Full Article 

J&K Elections

J&K Elections

Kashmiris turn out to vote as BJP bids for power  Full Article 

Trade Talks

Trade Talks

India, U.S. hold first trade dialogue in four years  Full Article 

Modi's Wife

Modi's Wife

Modi's estranged wife unhappy over round-the-clock security  Full Article 

Global Economy

Global Economy

OECD sees gradual world recovery, urges ECB to do more  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage