Telecom Dept, Finance Ministry reviewing Bharti Airtel’s equity conversion request: Jyotiraditya Scindia

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The Department of Telecommunications (DoT) is currently examining Bharti Airtel’s application for the conversion of statutory dues into equity, Telecom Minister Jyotiraditya Scindia told CNBC-TV18 on Wednesday. The request is also being reviewed by the Ministry of Finance, he confirmed.

“Bharti has submitted an application for equity conversion which is being analysed by both the DoT and the Ministry of Finance,” Scindia said, adding that the company has exercised its right like any operator can.

“Every operator has the right to ask us for equity…



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Telecom Dept, Finance Ministry reviewing Bharti Airtel’s equity conversion request: Jyotiraditya Scindia


The Department of Telecommunications (DoT) is currently examining Bharti Airtel’s application for the conversion of statutory dues into equity, Telecom Minister Jyotiraditya Scindia told CNBC-TV18 on Wednesday. The request is also being reviewed by the Ministry of Finance, he confirmed.

“Bharti has submitted an application for equity conversion which is being analysed by both the DoT and the Ministry of Finance,” Scindia said, adding that the company has exercised its right like any operator can.

“Every operator has the right to ask us for equity…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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