Vodafone Idea plans to approach global PE, pension funds to raise up to $1b

Vodafone Idea plans to approach global PE, pension funds to raise up to $1b

REUTERS/Babu/Files

UK’s Vodafone Group Plc and its local partner Aditya Birla Group plan to tap private equity (PE) and pension funds to raise as much as $1 billion once they pump in $2.5 billion through a rights issue into Vodafone Idea Ltd, according to three people aware of the talks.

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