According to industry reports, Vodafone Idea Limited (Vi) has started discussions with Apollo Global Management to secure up to $3 billion in funding over the next three months.
The funding will be a mix of debt and equity to meet major upcoming payment obligations.
Further, Vi’s discussions with Apollo are reportedly focused on business valuations, funding terms and structure of the proposed deal. Earlier rounds of fund-raising discussions were focused on capital infusion through convertible debt instruments.
