Sistema India arm to get $200 mn from Gazprombank

Sistema India arm to get $200 mn from Gazprombank

New Delhi: Sistema Shyam Teleservices, the Indian arm of Russia’s Sistema, said on Monday it has signed a mandate letter with Russian lender Gazprombank for a loan of $200 million, the telecom firm said in a statement.

In a separate statement, Gazprombank said it has opened a representative office in India.

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