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Oaktree, Varde propose up to $2.5 bn investment in Vodafone Idea: Report

Vodafone Idea is in talks with a consortium backed by US-based Oaktree Capital, including a few other private equity firms such as Varde Partners to raise $2 -$2.5billion.“Oaktree, Varde have said to offer Vodafone Idea at least $2 billion in funding,” ET NOW reported quoting agencies.The consortium has proposed investing up to $2.5 billion into cash-strapped Vodafone Idea Ltd through hybrid debt papers, sources aware of the matter told news publication Mint.

News source ~ Times Now