US-based TGH Mulls $6B Vodafone Idea Investment
Private equity company Tillman Global Holdings (TGH) is reportedly looking to invest up to $6 billion in debt-laden Vodafone India.
The investment is conditional on the Indian government approving a package to cover part of Vodafone Idea's adjusted gross revenue (AGR) liabilities.
TGH has sent a detailed proposal to the government, requesting a restructuring of the operator's liabilities and spectrum payments to reduce its debt.
- TGH is seeking operational control of Vodafone Idea as part of the deal.
- The Bombay Stock Exchange has asked Vodafone Idea for clarification on the report.
Author's summary: TGH considers $6B investment in Vodafone Idea.