Banks to review Vodafone Idea funding plan after AGR relief

Mumbai: Banks led by State Bank of India will reassess extending fresh funds to Vodafone Idea after the government last week approved a relief package freezing the telco’s adjusted gross revenue (AGR) dues and stretching repayment over 16 years.

Bankers said the decision has altered the company’s liability profile, adding that clarity on its funding needs and future business plans are crucial for considering fresh funding.