Airtel to raise â¹16,500 crore to refinance debt
India's largest telecom operator Bharti Airtel on Monday received board approval to raise up to â¹16,500 crore for refinancing debt and for paying spectrum liabilities. Airtel had a consolidated net debt of â¹91,714 crore as of December last year. The company will now approach shareholders for final approval of the proposed raising of debt.