SBI is sanctioning its share of the loan package for Vodafone Idea, which is seeking to remain competitive against Jio and Bharti Airtel.
5 reports, 4 independent
Updated Sep 14
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What happened
SBI is sanctioning its share of the loan package for Vodafone Idea, which is seeking to remain competitive against Jio and Bharti Airtel.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.SBI is sanctioning its share of the loan package for Vodafone Idea, which is seeking to remain competitive against Jio and Bharti Airtel.1 source
Vi secures future via SBI-led consortium, warrant proceeds, and capex orders with Nokia/Ericsson.1 source
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The entities involved
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State Bank of India
Indian public sector bank and financial services organization
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Jio
telecommunications network in India
Related events
- Bank of America and Jio have entered a joint venture focused on India's financial lending market.
- SBI Chairman inaugurated the Global Fintech Fest in Mumbai, where SBICAP highlighted investment opportunities via the GIFT City ecosystem.
- SBI's lending operations are focused on the region of West Bengal.
- Vodafone Idea appoints Kumar Mangalam Birla as non-executive chairman, discusses a debt raise with SBI, and receives regulatory relief from the Department of Telecommunications.