Vodafone Idea seeks ₹35,000 crore loan for capex
pre-market1 source ↓written by the desknot a recommendation
- term loan
- ₹35,000 crore
- stake
- ₹7,000 crore
- of the total
- 20%
- each
- ₹1,500 crore
- total requirement
- ₹60,000 crore
Vodafone Idea (Vi) is forming a consortium of 8-10 lenders to secure a ₹35,000 crore term loan for capital expenditure over the next decade. State Bank of India (SBI) has approved a ₹7,000 crore stake, accounting for 20% of the total loan, while other lenders will contribute a minimum of ₹1,500 crore each.
This funding is crucial as Vi aims to upgrade its services, with a total requirement of ₹60,000 crore. The loan will impact the telecom sector significantly, potentially enhancing competition and service quality.
Not investment advice. For informational purposes only.