<p>Telecom operator Bharti Airtel on Tuesday said it has sought shareholders' approval for raising USD 2 billion in equity and another USD 1 billion in debt to pay for statutory dues arising out of a recent Supreme Court ruling.</p>.<p>Through an Extraordinary General Meeting (EGM), it sought approval to raise USD 2 billion through qualified institutional placement, public issue, preferential shares or private placement. The remaining up to USD 1 billion are sought to be raised through Foreign Currency Convertible Bonds (FCCB) or debentures, the company said in an EGM notice.</p>.<p>The EGM will be held on January 3, 2020.</p>.<p>"The aggregate amount of proceeds in one or more issuances or tranches shall not exceed overall limit of USD 4 billion or its equivalent in Indian rupees or in other currency out of which, an amount up to USD 3 billion shall be raised by the company on immediate basis...," the notice said.</p>.<p>Last week, the company announced that its board has approved raising USD 4 billion through equity dilution and debt funding.</p>
<p>Telecom operator Bharti Airtel on Tuesday said it has sought shareholders' approval for raising USD 2 billion in equity and another USD 1 billion in debt to pay for statutory dues arising out of a recent Supreme Court ruling.</p>.<p>Through an Extraordinary General Meeting (EGM), it sought approval to raise USD 2 billion through qualified institutional placement, public issue, preferential shares or private placement. The remaining up to USD 1 billion are sought to be raised through Foreign Currency Convertible Bonds (FCCB) or debentures, the company said in an EGM notice.</p>.<p>The EGM will be held on January 3, 2020.</p>.<p>"The aggregate amount of proceeds in one or more issuances or tranches shall not exceed overall limit of USD 4 billion or its equivalent in Indian rupees or in other currency out of which, an amount up to USD 3 billion shall be raised by the company on immediate basis...," the notice said.</p>.<p>Last week, the company announced that its board has approved raising USD 4 billion through equity dilution and debt funding.</p>