Vodafone lenders worried about the fate of loans as telco seeks more debt
Their concerns are centered around the ability to maintain credit repayments in proposed loans if the idea of Vodafone needs to pay the furnished gross income dues to the government. The weakest player in India’s Telekom view has been publishing continuous losses for 17 financial years.
On May 19, the Supreme Court rejected petitions to renounce some dues connected to their AGR from Bhart Airtel Ltd and Vodafone Fikir. Vodafone’s idea was interested in interest, punishment and punishment. La45,000 CRORE La83,400 CRORE AGR dues waiting. The four -year moratorium in these payments ends in September.
In May, the operator told the Supreme Court that he could not operate beyond the current financial year without the bank fund.
According to another person, whether the banks have approved the new loan offer, the supporting Aditya Birla group injects additional stocks or a return to secure banks if Telco’s health deteriorates in the future.
To be sure, the last financial year, telco raised LaWith the entry of Aditya Birla Group, 4,000 Crore in a preferable issue of supporters La2,100 CRORE AND VODAFONE GROUP La1,900 crore.
“The company wants to raise La35,000 Crore from banks; But for this, the supporters must put more self -equipment or produce a corporate guarantee from a strong group of companies, dedi the first person mentioned above.
The second person said that even before the AGR case returned to court, the discussions between the idea of Vodafone and the consortium of banks continued. The person said there were several virtual meetings between bankers in the consortium and the management of the Vodafone idea a few months ago, and the lenders raised two controversial issues Open Additional equity and supportive guarantee.
Vodafone IDEA spokesman, without saying which offer is referred to, “This information is wrong and there is no such offer.” He said.
The spokesman added: “We are in active discussions with the loans and we will provide an update at the appropriate time.”
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The second person mentioned above, “the position of the lenders has not changed, the agg regression in the high court made it even worse,” he said.
According to maintenance ratings, bankers Vodafone IDEA ideas include Indian State Bank, Punjab National Bank, Canara Bank, Bank of Bar Association and Axis Bank. Some have given futures loans, but others have provided bank guarantees. Bank debt La2,330 Crore from March 31, LaA year ago, 4.040 Crore, according to the statements made to analysts on June 2.
E -Posta was dismissed on Wednesday, Indian State Bank – Vodafone Fike’s greatest lending – unanswered.
What complicates the issue is that the government’s decision not to transform more of the company’s dues into equality. Following two rounds of such transformations, the government now has a 49% shares in Vodafone IDEA. The organizers have 25.6% shares of Group and Vodafone Group, while the rest of the organizers are public shareholders.
On Wednesday, Telecom Minister Jyytiraditya Smindia, CNBC TV18, said that the government’s shares in Telco will not go beyond 49%existing ”.
Although banks may seem reluctant, the company actively chases loans. The Executive Officer Akshaya Moondra, Vodafone IDEA on June 2, analysts, Telco’nun working on the “primary donation collection source continues to borrow the bank,” he said.
“The transformation of government dues into self -esteem, with the upgrade in the credit rating, facilitates the factors for us to take these discussions forward. After the transformation, participation started seriously.”
The first stock transformation round took place in 2023, the last one took place in April and increased its total government shares to 49%. In May, Vodafone IDEA’s board approved the upgrade LaFollowing a publicly open (FPO), special placement or other permissible mode 20,000 Crore.
Also read: Two months after the second life line, the idea of Vodafone raises the fears of survival again
Analysts believe that raising debt is very important for Telco’s expansion plans.
Motilal Oswal Financial Services said in a statement to its customers on June 2, “We believe that the company’s network investments are dependent on the increase in debt. It depends on the continuous support/agg aid of the Indian Government. The stabilization of the subscriber base is mandatory for the long -term survival of the VI.” He said.
The struggle against Agr has reached for almost 20 years. On April 17, Vodafone IDEA, which has 198.2 million mobile subscribers, presented a representation to the government and sought interest, punishment and penalties in their AGR dues.
Telco, the government’s agg responsibility request LaAs of the end of March, 83,400 crore, annual installments are approximately approximately approximately La18,000 Crore from March 31, 2026 for the next six years. On the other hand, the idea of Vodafone was created LaIn the last three years, 8,400-9,200 Crore cash per year.
