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Uninor expects to wrap up long-term financial debt worth Rs.10,000 cr
TT Correspondent |  Mumbai |  02 Jun 2010

Uninor is expecting to wrap-up its long-term financial closure in few months time with a State Bank of India (SBI) led consortium of banks.

The closure will help the operator raise Rs.10,000 crore in long-term debt said the company’s Executive Vice-President, Corporate Affairs, Rajiv Bawa.

While the company plans to invest about Rs.15,000 crore by 2020 in the Indian operations, presently it has invested Rs 6135.63 crore through the equity route and also has raised Rs.5,000 crore through a short-term bridge loan.

“We expect to close the project financing exercise in a few months, after which we will get a long-term loan from the SBI-led consortium, as per the financing agreement,”said Bawa.

    
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02 Jun 2010(IST)  
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