Sistema's Indian mobile phone unit said on Thursday it had raised a bank loan of USD 200 million to fund its expansion of telecoms operations.
Sistema Shyam TeleServices said in a statement it raised USD 100 million from ICICI Bank and the remainder from Barclays Bank . The three-year loan has been proportionally secured by leading Russian lender Gazprombank through a standby letter of credit and bank guarantee, Sistema Shyam said.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
