As PSBs put Voda Idea loan on hold, will the stock drop below Rs 10?

Vodafone Idea stock is on investor’s radar amid reports that public sector banks (PSBs) are hesitant to provide fresh lending to the cash-strapped telecom firm.

According to a Business Standard report, PSB officials cited Vodafone Idea’s liabilities and lack of a clear capital expenditure plan as a key hindrance. India’s third largest telecom player was seeking up to Rs 35,000 crore loan from banks.