The telco said that it has been unable to renew additional BGs as this requires 100% cash margin to be provided to the banks. According to a banker, the decision to ask for a 100% cash margin reflects that banks are extremely averse to lending to Vi, even if the BG sums are tiny.
from Latest Telecom News | Latest Telecom Industry News, Information and Update: ET Telecom : ETTelecom.com https://ift.tt/hgbjwQr
Sunday, July 23, 2023
Vodafone Idea fails to renew bank guarantees amid financial constraints, seeks time
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment