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New Delhi, June 14 (IANS) Bharti Airtel on Friday said it has prepaid Rs 7,904 crore to the Department of Telecom (DoT) to clear high-cost deferred liabilities for spectrum acquired in 2012 and 2015.
In other news, online travel aggregator ixigo saw its Rs 740-crore IPO subscribed 1.38 times with investors buying 6.02 crore equity shares against the offer size of 4.37 crore shares on day 1 of bidding.
Bharti Airtel: Airtel had raised USD 1,000 million through foreign currency convertible bonds in January 2020 that were convertible into the company's fully-paid up equity shares of Rs 5 each at any time on or after February 27, 2020, and up to the close of business hours on February 7, 2025, at the option of the FCCB holders.
Fino Payments Bank sees an opportunity in the digital banking space after Paytm Payments Bank's exit. To capitalise on this, they're ramping up their digital offerings, aiming to grow their digital revenue share from 5-6% in FY24 to 15% this fiscal year. Since December, Fino has deployed around 14,000 QR codes which reported 300,000 transactions valued at Rs 33 crore.
TECH NEWS : COAI raised concerns about revenue loss due to global tech firms using WhatsApp for enterprise messages. This led to a shift away from WhatsApp for OT