Oaktree-led consortium offers Rs 15,000 crore funding to Vodafone Idea
0 Comments

A consortium led by Oaktree Capital Management has proposed providing capital of at least $2 billion (Rs 15,000 crore) to Vodafone Idea as the telecom company seeks funds for capital expenditure and debt servicing.

Oaktree has teamed up with several other firms including Varde Partners, Bloomberg reported today. The report did not specify how the potential deal between the two parties would be structured but said that the Oaktree backed consortium has offered around $2-2.5 billion to the stressed telecom firm.

Oaktree-led consortium offers Rs 15,000 crore funding to Vodafone Idea

Vodafone Idea in talks to raise $2 billion from Oaktree Capital consortium

BQuick On Nov. 19: Top 10 Stories In Under 10 Minutes

Oaktree, Varde offer $2 billion funding to Vodafone Idea: Report

Vodafone Idea in talks with Oaktree Capital to raise up to $2.5 billion investment

Author

mukeshathavale.manzi@gmail.com

Leave a Reply

Your email address will not be published. Required fields are marked *