Vodafone Idea Ltd is in superior talks with US personal equity investor Apollo Global to raise as a lot as $1 billion by promoting a mixture of debt and equity, two individuals conscious of the matter stated.
Apollo Global Management is without doubt one of the largest asset managers globally and sometimes invests in credit score, personal equity, and actual property, amongst different asset lessons and has shut to $500 billion of property below administration.
In India, it had arrange a particular conditions fund, Aion Capital, in partnership with the ICICI group. The fund has raised $825 million and has invested in 12 firms.
Vodafone Idea wants to raise as a lot as $3 billion to improve its community and purchase spectrum in the upcoming 5G spectrum auctions.
Read more: Pehal News
