Cash-strapped Vodafone Idea (Vi) has dialled State Bank of India (SBI) for a ₹15,000-16,000 crore loan to meet its immediate 4G capex needs, fund gear supply contracts for its pending 5G rollout and to clear some sizeable vendor dues, three people aware of the matter said.
The fundraising via debt - talks for which are ongoing for over a month now - though, is held up as the country's largest lender seeks clarity on the government's potential shareholding in Vi, as well as the telco's business scale-up plans.
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