Airtel issues equity shares worth Rs 2.46 billion to FCCB holders

According to a regulatory filing, Bharti Airtel has allotted equity shares worth around Rs 2.46 billion to its foreign debt bond holders that are due for maturity in February 2025. As per the filing, following allotment of equity against the foreign currency convertible bond (FCCB) the outstanding principal value of FCCBs at Singapore Exchange (SGX) has reduced to $204.69 million.