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    Vikshita Vitthal Gujaran in News

    06-Jan-2023 05:04 AM


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    Vodafone Idea approaches banks for Rs 7,000-crore emergency loan: Report

    Vodafone Idea has approached a host of lenders to raise loans worth over Rs 7,000 crore, The Economic Times reported on January 6.
    Most part of it would be used to clear a portion of its dues to Indus Towers, the report said, citing three people aware of the matter.
    A senior bank official told ET that Vi did approach them for a loan, but it is a logjam.
    Moneycontrol could not independently verify the report.
    Also Read: Vodafone Idea is chasing SBI for up to Rs 16,000 crore loan Mounting debt According to the report, Vi's dues to Indus have mounted to around Rs 7,500 crore.
    Vodafone and Indus declined to offer comment.

    Source- https://www.moneycontrol.com/news/business/vodafone-idea-approaches-banks-for-rs-7000-crore-emergency-loan-report-9819701.html
    #vodafone