Vodafone Idea slips 4% amid reports of fund raising plan hitting a snag

Vi's talks with the Oak Hill consortium have not led to a binding agreement as there were unresolved issues around funding terms, a media report said

Shares of Vodafone Idea (Vi) slipped over 4 per cent to Rs 10.53 on the BSE in intra-day trade on Friday amid reports that the debt-laden telco's fund-raising plans have landed in a soup.

Vi’s talks with the Oak Hill consortium have not led to a binding agreement as there were unresolved issues around funding terms, guarantees and claims to the struggling telco’s assets in case of a payment default, a report by Economic Times stated.

The report added that while talks between the two sides have not fallen through completely, the telecom JV between UK’s Vodafone Group