Stocks Profile

Mumbai: At least four more banks are slated to join the core group of lenders that syndicated a $7.5 billion (around Rs35,475 crore) loan for Bharti Airtel Ltd, India’s largest mobile telephony firm by subscribers, to acquire the African asset of Kuwaiti Mobile Telecommunications Co. KSC (Zain), according to an official of Standard Chartered Bank Plc (StanChart), the lead arranger of the loan.

State Bank of India on Thursday closed its $1 billion five year overseas bond at 260 basis points over Libor, an investment banker said.

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