Telecom major Bharti Group today said that the next round of fund raising by the company would be in the international market through an American Depository Receipt (ADR) issue. Bharti is in the process of diluting 10 per cent of equity, constituting 18.5 crore shares through a domestic listing. Though the exact timing of the initial public offering is not known, the Securities & Exchange Board of India is expected to give the clearance within the next few days.
Sunil Mittal, chairman and managing director, Bharti Group said:
