India's Bharti Airtel hopes to issue bonds of up to $1 bln in FY13 - Exec
NEW DELHI Feb 1 (Reuters) - Bharti Airtel Ltd, 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 ($53.39 million) in the fiscal third quarter that ended Dec. 31, from 10.11 billion rupees a year earlier. (Reporting by Devidutta Tripathy; Editing by Jijo Jacob)
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India approved on Saturday the purchase of 814 mounted gun systems for the army at a cost of 157.5 billion rupees ($2.55 billion), a defence ministry spokesman said. Full Article