SBI-led lenders agree $3.5 billion debt financing for Vodafone Idea
State Bank of India-led lenders agreed to provide about $3.5 billion in debt financing to Vodafone Idea Ltd., according to people familiar with the matter. The consortium includes Union Bank of India Ltd., among other local lenders.
, according to people familiar with the matter. The funding is intended to help the mobile telephone operator rebuild its business. Other local lenders in the consortium include Union Bank of India Ltd. and others, the people said.