The board of telecom major Bharti Airtel approved a plan to raise $3 billion via Qualified Institution Placements (QIPs), stake sale, as well as by debt, to pay its adjusted gross revenue (AGR) dues worth Rs 43,000 crore to the government by January 24. In a stock exchange filing, the company said that it will launch one or more QIPs, or offer for sale of equity shares, or a combination of similar offers to raise $2 billion. The balance $1 billion would be raised through debentures and bonds. The Airtel board has authorised the Special Committee of Directors for taking necessary steps for implementing the fundraising plans.