Vi is in advanced talks with PSU banks for funding support
In short
Vodafone Idea said it is in advanced talks with public sector banks for funding support. The company has lined up ₹35,000 crore in funded facilities and another ₹10,000 crore in non-funded credit facilities.
What the reporting says
Vodafone Idea said it is in advanced discussions with public sector banks to secure a significant part of its funding package. The company has lined up ₹35,000 crore in funded facilities and another ₹10,000 crore in non-funded credit facilities to back network expansion and strengthen its position in telecom.
Why it matters
Vodafone Idea said it is in advanced discussions with public sector banks to secure a significant part of its funding plan. The company has lined up ₹35,000 crore in funded facilities and another ₹10,000 crore in non-funded credit facilities to support network expansion and improve competitiveness.