HDFC will have to bring down its stake in HDFC Credila Financial Services to 10% over the next two years, and also stop onboarding new customers, according to the central bank’s conditions for its merger with HDFC Bank
Synopsis
Vi’s latest pitches to multiple US private equity players, though, are at the exploratory level after its earlier talks with the Oak Hill consortium which ET had reported – fell through amid differences over funding terms and valuations.
Agencies
Cash-strapped Vi is trying to close a sizable initial funding deal with private equity players via hybrid convertible instruments, comprising bonds and warrants, with a linked equity option.
Vodafone Idea (Vi) is believed to have dialled a new set of US-based private equity players, including KKR and Carlyle Group, to secure around $2-2.5 billion (Rs 14,500-18,100 crore approx) funding via convertible instruments after its recent fundraising talks with the Oak Hill-led consortium went sour, people aware of the matter said.
Voda Idea dials new set of PE players for funding
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Synopsis
Vi’s latest pitches to multiple US private equity players, though, are at the exploratory level after its earlier talks with the Oak Hill consortium which ET had reported – fell through amid differences over funding terms and valuations.
Agencies
Cash-strapped Vi is trying to close a sizable initial funding deal with private equity players via hybrid convertible instruments, comprising bonds and warrants, with a linked equity option.
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Vodafone Idea (Vi) is believed to have dialled a new set of US-based private equity players, including KKR and Carlyle Group, to secure around $2-2.5 billion (Rs 14,500-18,100 crore approx) funding via convertible instruments after its recent fundraising talks with the Oak Hill-led consortium went sour, people aware of the matter said.