On Friday, Bharti Airtel had announced the prepayment of Rs 8,815 crore to the Department of Telecom (Government of India) of deferred liabilities related to spectrum acquired in the auction of the year 2015.
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Airtel shares picked momentum on stock exchanges following prepayment of a portion of deferred liabilities for spectrum. On BSE, at around 09.51 am, Airtel shares traded at Rs712.25 apiece, up by 0.85 per cent. The shares were near the day’s high of Rs 713.15 apiece.
“The prepayment is for instalments due in FY 2027 and FY 2028,” Airtel said.
Further, Airtel said that it “continues to focus on financial flexibility via its capital structure including optimising cost of financing and capitalising on all opportunities of significant interest saves like this prepayment.”
