REC to raise Rs 6,500 cr; Bharti Telecom secures Rs 11,150 cr via bonds

Quick Summary:

Bharti Telecom raised funds through six tranches, with tenors ranging from 3 to 10 years.

These bonds will have a tenor of 15 years and 22 days, maturing in November 2039.

The first tranche of REC is Rs 3,000 crore, with Rs 500 crore as the base issue and Rs 2,500 crore as the green shoe option.

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Category: BusinessFinance

Markets: India

Topics: Bharti Telecom Bharti Airtel REC

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 19:42:13 (16 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 585 words

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