Telecom Dept, Finance Ministry reviewing Bharti Airtel’s equity conversion request: Jyotiraditya Scindia

The Department of Telecommunications (DoT) is currently examining Bharti Airtel’s application for the conversion of statutory dues into equity, Telecom Minister Jyotiraditya Scindia told CNBC-TV18 on Wednesday. The request is also being reviewed by the Ministry of Finance, he confirmed.

“Bharti has submitted an application for equity conversion which is being analysed by both the DoT and the Ministry of Finance,” Scindia said, adding that the company has exercised its right like any operator can.

“Every operator has the right to ask us for equity…