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Vodafone-Idea going under? 7000 million rupees, the organization asks for a loan! What will happen to the customers!

Vodafone-Idea going under? 7000 million rupees, the organization asks for a loan! What will happen to the customers!

Bangla Hunt Desk: Vodafone-Idea is again trying to collect loans. Not only that, it is also known that they have already contacted several lenders in hopes of a loan. Basically, this is mentioned in an Economic Times report from January 6th.

Why do you need money: According to the report, three sources with knowledge of the incident were mentioned. According to them, most of this loan money will be used to settle Indus Tower arrears.

In this context, there are already several discussions in the market regarding Vi’s debt and fundraising. In such a situation, banks sought detailed information on the government’s potential stake in Vodafone-Idea as well as how their business plans to recover in the future before extending loans to affected companies.

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It may be noted that a senior bank official told Economic Times that Vodafone-Idea had approached them about a loan. However, it has not yet been approved. In addition, an official from another sector said that the company concerned asked them to issue new loans against a bank guarantee of Rs 15,000 crore. However, this claim has not been verified by Bangla Hunt.

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