NEW DELHI: State-run BSNL, which is mulling various options to raise funds to meet day-to-day requirements, has hired SBI Capital to arrange a long-term loan of up to Rs 15,000 crore.
BSNL is looking at various options to raise funds. The company has hired SBI Capital which will help the PSU to raise a long-term loan of amount ranging between Rs 12,000 crore to Rs 15,000 crore for a period of 5 to 7 years, sources with the direct knowledge of the development said.
It may also go for a loan from Department of Telecom for Rs 5,000 crore on interest. The company is also planning to lease out its tower and network bandwidth for fund raising.
Further, as part of its cost-cutting efforts, BSNL has also proposed slashing its staff strength by a third by offering voluntary retirement. The proposal is currently with the government.
BSNL looking-to-raise-up-to-Rs.15000-crore-hires-SBI-capital
BSNL is looking at various options to raise funds. The company has hired SBI Capital which will help the PSU to raise a long-term loan of amount ranging between Rs 12,000 crore to Rs 15,000 crore for a period of 5 to 7 years, sources with the direct knowledge of the development said.
It may also go for a loan from Department of Telecom for Rs 5,000 crore on interest. The company is also planning to lease out its tower and network bandwidth for fund raising.
Further, as part of its cost-cutting efforts, BSNL has also proposed slashing its staff strength by a third by offering voluntary retirement. The proposal is currently with the government.
BSNL looking-to-raise-up-to-Rs.15000-crore-hires-SBI-capital
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