Bharti Airtel delays accessing remaining Rs 15,000 crore rights issue proceeds, cites sufficient cash reserves

Bharti Airtel decided to defer further calls on its nearly Rs 15,000 crore remaining rights issue proceeds. The telecom giant cited enough cash for immediate needs and a healthy balance sheet. The company raised Rs 5,247 crore in the initial tranche and will call for the remaining funds as necessary, notifying shareholders in advance.