New Delhi: After settling the Adjusted Gross Revenue (AGR) issue through equity transfer in favour of government, Vodafone Idea has now approached lenders for fresh loan.has learned that Vodafone Idea held a meeting with lenders last week to request a loan of around Rs 10,000 crore. The telecom giant has held meeting with lenders last week as per sources.
Banks will complete their due diligence before acting on the application of loan,” a senior bank official Government increasing stake in the company is unlikely to have any impact on the application of loan by the company, he added. The government is set to own 35.8% in Vodafone Idea (Vi) after company decided to convert interest on deferred spectrum and adjusted gross revenue (AGR) dues into equity. After this, Union government will be the single largest shareholder in Vodafone idea.
