US-based private equity (PE) firm Tillman Global Holdings (TGH) is reportedly in advanced talks to invest $4-6 billion into Vodafone Idea Limited (Vi), with the intention of taking over operational control of the financially stressed telecom operator.
The proposed investment is contingent on the government extending a comprehensive relief package that addresses all of Vi’s liabilities, including adjusted gross revenue (AGR)-related dues and spectrum payment obligations.
Additionally, the investment firm is not seeking a full waiver of these dues, but rather a restructuring plan that provides the company some operational flexibility, for which it has submitted a detailed proposal to the government. In case the government agrees to the requested relief measures, the deal could be finalised in the coming months.
