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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The telco taps State Bank of India, Bank of Baroda and Punjab National Bank, among others, in its attempt to raise debt, soon after pulling off a Rs 18,000 crore follow-on public offer
Vodafone Idea, which recently concluded its Rs 18,000 crore follow-on public offer, is in talks with several lenders for loans totalling Rs 15,000 crore. Bloomberg reported that the State Bank of India, Bank of Baroda and Punjab National Bank are among those it has had discussions with.
In February, the telecom giant had announced that it plans to raise Rs 45,000 crore through a mix of debt and equity. Of this, it has earmarked raising Rs 25,000 crore via debt. The money, from the debt and FPO, will be used to meet debt obligations, improve its network and hopefully put …
A quarter with subscriber gains portends well for the telecom operator, but its underlying metrics tell a more cautious story.
Purpose-driven finance has powered the digital lender’s growth, but its durability remains in question.
The state-owned lender’s successful issuance—and rare pricing advantage—signals India’s hesitant sustainable finance market may finally be maturing
