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Showing posts with the label Ravinder Takkar

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

  Varde Partners among the other participants; Bloomberg report does not specify how the potential deal between the two parties would be structured 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. Vodafone Idea had announced plans to raise upto Rs 25,000 crore through a mix of debt and equity in September. Late last month following the second quarter results the company’s chief executive officer Ravinder Takkar said the fund raising plans are on track and would be completed in three months. “We are in discussions with inter...