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Reputation: 642,713  •  Sep 6, 2023 6:01 AM
Vi's top lenders urge promoters to infuse more funds into telco
Vi's top lenders urge promoters to infuse more funds into telco
Lenders of Vodafone Idea (Vi) are urging the company's promoters to inject more equity in order to qualify for future loans. The recent ₹2,000 crore financial support offered by the promoters is deemed inadequate due to Vi's weak credit rating. The banks, led by State Bank of India (SBI), have advised that a larger equity infusion is necessary to compensate for the lower credit rating and instill confidence in lenders.
The Economic Times

https://economictimes.indiatimes.com/industry/telecom/tel...
#IDEA #SBIN

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