Business Daily from THE HINDU group of publications
Saturday, Aug 08, 2009
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Business Daily from THE HINDU group of publications Saturday, Aug 08, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Info-Tech
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Telecommunications Money & Banking - Credit Market
Our Bureau New Delhi, Aug 7 Bharti Airtel has approached State Bank of India for loans of $1 billion and Rs 5,000 crore, according to the Minister of State for Finance, Mr Namo Narain Meena. “The details of the loans have not been finalised by the bank. SBI is not required to seek opinion of the Securities Exchange Board of India for granting loans to such entities. Any regulatory or other clearances required arer to be obtained by the borrower themselves,” Mr Meena told the Lok Sabha. The reasons for seeking loans are not known. Bharti has been in talks with South African major MTN for a possible merger. More Stories on : Telecommunications | Credit Market | Bharti Tele-Ventures Ltd | State Bank of India
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