Four banks to join Bharti loan syndication

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.