Airtel’s equity conversion proposal to assess option, not a decision: Vittal

Bharti Airtel Ltd’s proposal to the government on converting its revenue-linked dues into equity was only intended to explore if such an option was available, vice chairman and managing director Gopal Vittal said on Wednesday, adding that a decision will be taken by the company’s board after getting clarification from the government.

“We just wanted a non-discriminatory level-playing field in terms of an option to convert,” Vittal said. “Whether we will convert or not is a decision for the board to take… We wanted a clarification from the government whether we had the option or not.”