Bharti Airtel hopes to issue bonds of up to $1 billion in FY13
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)
- Tweet this
- Share this
- Digg this
- Army officer takes charge in Burkina Faso, ousting general
- UPDATE 1-J.P. Morgan found hackers through breach of corporate event website -media
- 'Plastic' Halloween skulls found in Connecticut are human remains
- SEBI piles pressure on Sahara to sell overseas hotels
- J.P. Morgan found hackers through breach of corporate event website - media
Shares Hit Record
The BSE Sensex and Nifty surged to record highs for a second consecutive session on Friday after Bank of Japan's surprise expansion of its massive stimulus programme raised hopes for additional foreign inflows, boosting blue-chips such as Larsen & Toubro. Full Article
China's shadow banking sector growing rapidly, third largest in world - FSB. Full Article