Vodafone Idea and its lenders are looking to recast outstanding loans under the Reserve Bank of India's June 2019 restructuring framework. Under this, banks can allow renegotiation of loan dues to improve the company's liquidity if the promoter brings in equity. The discussions are taking place as the company's March-end deadline to raise equity capital for operations approaches. The telco has held talks to sell a minority stake to global private equity investors, including Apollo Global Management and Carlyle to raise up to $1 billion
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Tuesday, February 15, 2022
Vodafone Idea appoints SBI Cap to negotiate loan recast of up to Rs 23,000 crore
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