The company said in a statement that 'it has entered into a binding agreement with Qatar Foundation Endowment, under which Bharti will issue 199,870,006 of its new shares to QFE representing a shareholding of 5 per cent in the Company, post issuance of the new shares."
The company said in a statement on Monday 'it has retired equivalent debt from the proceeds (Rs 6,796 crore) of the preferential allotment in June 2013 of 5 per cent equity shares in Bharti Airtel at the rate of Rs 340 per share to Qatar Foundation Endowment'.
Airtel has allocated 199,870,006 new equity shares at price of Rs 340 each share, representing 5 per cent equity stake in the company to QFE.
Famed 13th century Sufi poet and philosopher Jalaluddin Rumi, who in the past has been called the Smiling Face of Islam, is set to receive recognition from the Qatar Foundation.
Doha-based Qatar Foundation Endowment has bought five per cent stake for $1.18 billion in Bharti Airtel.
All major sectors -- real estate, e-commerce, IT, retail and consumer products, healthcare -- saw new all-time highs in value invested.
This was mostly driven by Qatar Foundation Endowment's $1.26 billion investment in Bharti Airtel.
Barcelona have agreed a record shirt sponsorship deal with the Qatar Foundation worth 30 million euros ($40 million) a season through to the end of the 2015-16 campaign, the La Liga champions said on Friday.
In a statement issued from Doha, The Supreme Council of Information and Communication Technology, Qatar's telecom regulator, has said that Vodafone/Qatar Foundation Consortium will pay a fee of 7.716 billion Qatar rials (about $2.1 billion) for the second mobile licence in the country.
FIFA president Gianni Infantino hailed Qatar's progress on infrastructure ahead of its 2022 World Cup and said the tournament is poised to be the best one yet.
Numerous Nepalese migrant labourers have reportedly died in Qatar recently and many more are enduring atrocities and labour abuses, raising questions about Qatar's preparations to host the 2022 Football World Cup.
Qatar has been given two weeks to provide a report to FIFA on how it has improved working conditions for labourers in the 2022 World Cup host nation.
Telecom giant Bharti Airtel on Wednesday reported a 9.6 per cent fall in net profit at Rs 688.9 crore (Rs 6.88 billion) for the first quarter ended June 30, 2013.
In terms of the number of deals, there has been a decline of 13 per cent
Average data usage on Airtel India network grew about three fold to 2611 megabyte (about 2.5 GB) per customer from 904 MB on YoY basis. But the average revenue from the data services per customer declined by 22.7 per cent during the period.
R Venkataramanan, the managing trustee of the Sir Dorabji Tata Trust who is responsible for all Tata-run trusts, prefers to keep a low profile but has emerged as a power centre in the group - with more clout than many established CEOs, says Dev Chatterjee.
The dispute over the tax payable for its purchase in 2007 of the 67 per cent stake in Hutch is on an amount of Rs 11,200 crore (Rs 112 billion).
No respite in sight as not many big deals, initial public offerings in pipeline.
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BSE auto index surged 2%, capital goods, healthcare and oil & gas indices also up.
Champions League holders Real Madrid will face former European champions Liverpool, FC Basel and debutants Ludogorets of Bulgaria following the group stage draw on Thursday.
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