๐ฆ Vi close to SBI loan with a condition
Vodafone Idea is nearing a major funding deal for its capital expenditure needs. The country's largest lender, State Bank of India, has reportedly agreed to sanction its portion of the loan. This approval came after the Aditya Birla group-backed provider gave guarantees via its promoter companies. Previously, the lack of these guarantees had caused a standstill in the loan process. Moving forward, the disbursement is dependent on Vi raising additional funds from private banks.