The loan will be used to boost the group's cash on hand and for general business purposes, a company spokeswoman said.
Reuters
@moneycontrolcom
SoftBank Group Corp said on Wednesday it plans to borrow up to 500 billion yen ($4.5 billion) from 16 financial domestic and foreign institutions using part of its stake in telco SoftBank Corp as collateral.
The loan will be used to boost the group's cash on hand and for general business purposes, a company spokeswoman said.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year.
First Published on Feb 19, 2020 01:10 pm
