Airtel rings in rights issue, shuffles senior leadership

Bharti Airtel’s board has approved calling the remaining ₹15,740 crore from a rights issue. This move aims to cut debt and strengthen the company’s balance sheet. The board also approved a top management rejig. Shashwat Sharma will become the new CEO from January 1. Gopal Vittal will transition to executive vice chairman. Akhil Garg is the new CFO.

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