Vodafone Idea eyes non-bank funding amid delay in ₹25,000-crore bank loans
Vodafone Idea (Vi) has begun exploring non-banking sources of funding to maintain the continuity of its crucial capital expenditure (capex) cycle, its outgoing chief executive officer (CEO) Akshaya Moondra said on Monday, as the debt-laden telecom operator's bid to raise 25,000 crore from banks faces delays.
Banks are currently awaiting clarity on potential relief to the company's pending adjusted gross revenue (AGR) dues to the government, before deciding on extending loans to the beleaguered company.
“We are looking at non-banking sources of funding also. Not the full amount of 25,000 crore that we have talked about, but a lesser amount, so that we can continue with the capex цикъл “, сподели Мондра в последния си диалог с анализаторите като изпълнителен шеф. Moondra добави, че диалозите за банковото финансиране напредват, само че може да отнеме време и по тази причина компанията преглежда други източници, които биха могли да бъдат налични в по -кратък период.
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