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Motilal Oswal Report
Bharti Airtel Ltd. hosted a concall (chaired by Mr. Sunil Bharti Mittal) to discuss the Rs 210 billion rights issue.
The specific use of the rights issue money may not be clear, given that Bharti Airtel remains a healthy free cash flow-generating company.
Nonetheless, the call revealed the management’s thought process towards the market outlook, 5G, capital allocation, and leverage strategy, along with tariff outlook.
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