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SBI-Led Consortium Weighs Rs 25,000-Crore Loan for Vodafone Idea After AGR Relief
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SBI-Led Consortium Weighs Rs 25,000-Crore Loan for Vodafone Idea After AGR Relief
A consortium of lenders led by the State Bank of India (SBI) is considering extending Rs 25,000 crore in debt funding to Vodafone Idea, signalling improved lender confidence following recent government relief on the telecom operator’s statutory dues. The move comes after the Centre reduced the company’s adjusted gross revenue (AGR) liabilities by 27 percent, providing significant cash-flow support, according to an Economic Times report by Himans…
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