Corporate Snippets

Reliance Industries is likely to enter the telecom space when the opportunity arises. (ET)

S&P lowers Bharti long-term corporate credit rating to BB+ from BBB-. (BS)

Reliance Power buys three mines of the Sugico group in Indonesia. (ET)

Bharti Airtel to set up separate tower companies in each of the African nations where it is present. (ET)

Fortis Healthcare board gives nod to raise Rs27.5bn through fresh issue of securities and also increase its borrowing limit to Rs60bn. (ET)

Power Grid may sell 20% to public that could raise Rs80bn, which may be equally split between the government and the company. (ET)