The Board of Bharti Airtel has launched a qualified placement of shares worth $2 billion and overseas convertible bond issue for raising another $1 billion. The amount raised will be used for payment of statuary dues and capital expenditure.

— The Economic Times

AZB & Partners acted for Bharti Airtel, led by partners Madhurima Mukherjee and Agnik Bhattacharyya, with associates Harish Choudhary, Sagar Batra and Kirtikar Srivastava.

Shardul Amarchand Mangaldas & Co (SAM & Co) advised the managers on the qualified institutions placement (QIP) and foreign currency convertible bonds (FCCB), led by a team partner Prashant Gupta, partner National Practice Head senior associate Manjari Tyagi associate Trishita Dasgupta associate Maharghya Biswas Romit Raja Srivastava, and associate Sanjeev Chowdhary.

Linklaters Singapore acted for Bharti Airtel.

Latham & Watkins acted for the managers.

Correction 23 May 2020: The initially published version of the story had stated incorrect clients for AZB and SAM. This has now been corrected.

2020-01-17

Deal value: USD 1 billion

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