Latest Breaking News On - வர்தே கூட்டாளர்கள் - Page 7 : vimarsana.com

Explore Now Shares of Vodafone Idea fell nearly 4.3% in intra-day trade around Friday noon on the BSE. This, after an ET report about the struggling telco’s big fundraising plans hitting an air pocket amid differences with key members of the prospective lenders’ consortium such as Oak Hill Advisors and Varde Partners over funding terms and furnishing of guarantees in case of payment defaults. Vi shares were subsequently trading 3.6% lower at Rs 10.63 around mid-day on the exchange. Though talks between the two sides have reportedly not fallen through completely, the telecom JV between UK’s Vodafone Group and Aditya Birla Group is reckoned to be already exploring other potential funding partners and is confident of securing funding by the month-end, say people aware. They added that there is surplus cash with US funds, and the Indian telecom business outlook is looking up amid surging data consumption growth, post-pandemic.

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