Bharti Airtel converts $49.87 mn foreign debt bond into equity

New Delhi: Telecom operator Bharti Airtel has converted USD 49.87 million worth of foreign debt bonds issued in January 2020 into equity, the company said on Tuesday. Airtel had raised USD 1,000 million through foreign currency convertible bonds in January 2020 that were convertible into the company’s fully-paid up equity shares of Rs 5 each at any time on or after February 27, 2020, and up to the close of business hours on February 7, 2025, at the option of the FCCB holders.