Airtel will not convert the dues into equity, the government had given the option under the reform
Telecom sector giant Bharti Airtel has today given information about important decisions regarding AGR dues and interest due on spectrum.
Telecom sector giant Bharti Airtel has today given information about important decisions regarding AGR dues and interest due on spectrum. Airtel has informed that it will not exercise the option to convert the dues on AGR and spectrum interest into equity. The company has given this information in the regulatory filing. The option of converting the dues into equity has been given by the Central Government to the telecom sector companies under the Reform Package, on which today (January 7) the company has informed about its decision. The company has given information about this decision to the Department of Telecommunications. Selling pressure is visible in Airtel shares today.
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Shares of Bharti Airtel fell today
Today selling pressure is visible in the shares of the giant telecom company. Today its prices have broken about 5 percent on BSE. However, this year its prices have strengthened by about 2 percent and in the last one year by about 32 percent. In the last one year, it had reached a high of Rs 781.90 while it had slipped to a low of Rs 490.36.
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