Vodafone Idea Limited (Vi) has reportedly resumed discussions with banks to secure fresh debt, following a recent Supreme Court ruling, that dismissed its request for a waiver of Rs 450 billion that includes penalties and interest on its adjusted gross revenue (AGR) dues. The verdict has clarified the operator’s regulatory obligations, allowing lenders to re-evaluate funding proposals that were previously stalled due to legal uncertainties.
The telco has been in talks with banks for over a year with the aim of raising Rs 350 billion in new bank financing, including Rs 100 billion through non-fund-based credit lines, to back its extensive capital expenditure strategy.
Moreover, Vi plans to invest between Rs 500 and Rs 550 billion through 2027-28 to expand and modernise its network infrastructure. Between March 2024 and February 2025, the operator raised approximately Rs 260 billion through equity, which included Rs 40 billion sourced from vendor contributions.
