Oaktree, Varde Offer $2 Billion Funding to Vodafone Idea
- Investor makes joint proposal with other firms including Varde
- Vodafone Idea seeks capital amid fierce local competition
This article is for subscribers only.
A consortium backed by Oaktree Capital has offered to provide at least $2 billion of funding to Vodafone Group Plc’s listed Indian arm, people with knowledge of the matter said.
Oaktree teamed up with several other firms including Varde Partners for the potential deal with Vodafone Idea Ltd., according to the people. The investor group made a proposal to provide around $2 billion to $2.5 billion of capital to Vodafone Idea, the people said, asking not to be identified because the information is private.