Lenders Raise Concerns Over Vi Business Plan, Demand Guarantor for Large Loan Facility

Vodafone Idea's ₹35,000-Crore Debt Plan Faces Scrutiny from Lenders

Vodafone Idea's ambitious ₹35,000-crore debt plan is under intense scrutiny, with lenders pressing the company to scale back its financial projections. The demands, made by lenders to the struggling telecom company, also include a corporate guarantee from another Aditya Birla Group firm.

According to sources familiar with the development, lenders are insisting on stronger safeguards before extending one of the sector's biggest loans. This move highlights the cautious approach of banks in the face of Vodafone Idea's struggling financial health. Lenders are seeking to mitigate potential risks associated with the loan, which underscores the challenges faced by the telecom sector in recent years.

As negotiations between Vodafone Idea and its lenders continue, the fate of the ₹35,000-crore debt plan remains uncertain. The company's ability to secure the necessary funding will have significant implications for the sector, which has been grappling with intense competition and declining revenues.