{"id":821128,"date":"2024-06-12T08:58:47","date_gmt":"2024-06-12T03:28:47","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=821128"},"modified":"2024-06-12T09:00:56","modified_gmt":"2024-06-12T03:30:56","slug":"bharti-airtel-converts-49-87-mn-worth-of-foreign-debt-bonds-into-equity","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/06\/12\/bharti-airtel-converts-49-87-mn-worth-of-foreign-debt-bonds-into-equity\/","title":{"rendered":"Bharti Airtel converts $49.87 mn worth of foreign debt bonds into equity"},"content":{"rendered":"<p>Telecom operator Bharti Airtel has converted $49.87 million worth of foreign debt bonds issued in January 2020 into equity, the company said on Tuesday. <\/p>\n<p>Airtel had raised $1,000 million through foreign currency convertible bonds in January 2020 that were convertible into the company&#8217;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. <\/p>\n<p>&#8220;We wish to submit that upon receipt of notices for conversion of FCCBs of principal value of $49.87 million from certain FCCBs holder(s), the Special Committee of Directors for Fund Raising has, today i.e. on June 11, 2024,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Telecom operator Bharti Airtel has converted $49.87 million worth of foreign debt bonds issued in January 2020 into equity, the company said on Tuesday. Airtel had raised $1,000 million through foreign currency convertible bonds in January 2020 that were convertible into the company&#8217;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. &#8220;We wish to submit that upon receipt of notices for conversion of FCCBs of principal value of $49.87 million from certain [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,4,35],"tags":[],"class_list":["post-821128","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-telecom-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/821128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=821128"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/821128\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=821128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=821128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=821128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}