Vodafone Idea eyes non-bank funding amid delay in ₹25,000-crore bank loans

Vodafone Idea (Vi) has begun exploring non-banking sources of funding to maintain the continuity of its crucial capital expenditure (capex) cycle, its outgoing chief executive officer (CEO) Akshaya Moondra said on Monday, as the debt-laden telecom operator’s bid to raise ₹25,000 crore from banks faces delays.

Banks are currently awaiting clarity on potential relief to the company’s pending adjusted gross revenue (AGR) dues to the government, before deciding on extending loans to the beleaguered company.