Business News

Vi eyes 35,000-crore loan to fund next decade’s capex

FinSiddhi

Vodafone Idea is arranging a significant loan to fund its capital expenditures. State Bank of India has approved a substantial portion of this ₹35,000-crore term loan. Other public and private sector banks are expected to join the lending consortium soon. The company needs ₹60,000 crore for service upgrades, with the balance from internal accruals. Kumar Mangalam Birla’s continued chairmanship is a condition for this long-term financing.
Read more at the source

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.

Related Posts

Kargil war veteran attempts suicide after 24-year wait for promised land grant

A Kargil War veteran attempted suicide after being denied a meeting. He sought intervention for a land grant pending over twenty-four years. The veteran was injured during the Kargil War and promised land recognition. He was reportedly blocked by police from meeting the deputy chief minister. This incident highlights the veteran’s long-pending demand for promised…

Old factory metals and pesticides found near US parks and schools

In seven eastern cities of the U.S., road dust harbors toxic metals linked to historical industrial actions. These contaminants remain entrenched, presenting health dangers through regular dust interactions, especially for children who are more susceptible due to their behaviors and smaller size. Areas in the Northeast exhibit higher concentrations of these metals, a reflection of…