Vodafone Idea seeks ₹35,000 crore loan for capex
after close1 source ↓written by the desknot a recommendation
- term loan
- ₹35,000 crore
- stake
- ₹7,000 crore
- a minimum
- ₹1,500 crore
- to upgrade
- ₹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, covering about 20% of the total loan. The remaining amount will be sourced from other lenders, each contributing a minimum of ₹1,500 crore. This funding is crucial as the company anticipates needing ₹60,000 crore to upgrade its services.
Not investment advice. For informational purposes only.