SBI-led lenders to provide Vodafone Idea $3.5 billion debt
Lenders led by State Bank of India will provide Vodafone Idea $3.5 billion in debt financing under nearly 10-year terms. Conditions include billionaire Kumar Mangalam Birla remaining chairman during the loan and guarantees to cover repayment in case of default. Vodafone Idea plans to use the funds to improve its network and compete more effectively.
Coverage (5)
- Vodafone Idea Gets $3.5 Billion Loan From SBI (apacnewsnetwork.com)
- Vodafone Idea Gets USD 3.5 Billion Lifeline From SBI-Led Lenders (analyticsinsight.net)
- SBI-led group of banks to provide $3.5 billion of debt financing to Vi (business-standard.com)
- led lenders to loan $3.5B to Vodafone Idea (briefs.co)
- SBI-led group of lenders to provide $3.5 billion debt to Vodafone Idea (economictimes.com)