Vodafone Idea climbs 4% on receiving proposal for $2 billion line of credit

NEW DELHI: Shares of Vodafone Idea climbed 4 per cent in Monday’s trade on reports the telecom operator has got an initial proposal for up to $2 billion or Rs 15,000 crore line of credit from a consortium led by US investment firm Oak Hill Advisors, bankers and industry executives aware of the matter told ET.

Sixth Street, Twin Point Capital and Varde Partners are among other global investors in the consortium that has given a non-binding term sheet to Vi, they said.