Bharti Airtel, one of India’s leading telecommunications companies, has made a request to the government to convert its statutory debts into equity. With debts totaling over Rs 70,000 crore, including approximately Rs 40,000 crore in AGR dues, the company sees this as a strategic move to conserve cash. By opting for this debt-to-equity swap, Airtel aims to strengthen its financial position while offering the government an opportunity to invest in a promising and expanding enterprise. This approach mirrors the government’s previous decision to convert Vodafone Idea’s debts into equity, signaling a potential trend in the telecom industry. Airtel’s proposal underscores its commitment to navigating financial challenges while positioning itself for sustainable growth in the competitive Indian market.

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“Bharti Airtel seeks debt-for-equity swap with government to address over Rs 70,000 crore dues, including AGR.”
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