Reportedly, Vodafone India has raised Rs. 10,000 Crore funds in the form of Loan from India’s top bank – State Bank of India (SBI).
According to reports, it has been added that these funds may have been raised looking the upcoming launch of 3G services in India, and the Cellcos will have to incur a heavy expenditure for upgrading their infrastructure and towards 3G license fees. Continue reading “SBI Provides Rs. 10,000 Crore Loan to Vodafone”