Vodafone Idea eyes ₹25,000 crore SBI-led funding after AGR relief
Mumbai: A State Bank of India-led consortium is considering extending ₹25,000-crore debt funding to Vodafone Idea, persons aware of the details told ET, signalling improved lender confidence in the telco after the government slashed its dues by 27% last week.
The country’s third-largest telco, which has laid out a three-year turnaround programme, is seeking a ₹25,000-crore term loan and another ₹10,000 crore in short-term working capital requirements.
