Vodafone Idea’s prospects rise with government aid, but banks stay wary
By
CS Mathew
Vodafone Idea said the government’s decision to convert part of its dues into equity bolsters the prospects of bank credit to the tune of 25,000 crore, as the company seeks to expand and upgrade its telecom network. However, bankers said the move may not be enough of an assurance for them to lend to the troubled company.