Singapore, September 1 (ANI): Bharti Airtel Ltd’s planned USD2.8 billion equity issuance will improve its funds from operations (FFO) net leverage to around 2x and provide funds to strengthen its market position, according to Fitch Ratings.
Bharti will raise equity in three tranches, a quarter of the proceeds to be received upfront and the balance in two installments within three years. Fitch said the company’s management
Bharti’s equity issuance to support deleveraging: Fitch
