Vodafone Concept lenders could must make extra provisions

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Vi has ₹50,400 crore of AGR dues payable to the federal government over 10 annual instalments by means of March 31, 2031, beginning in March 2022.

Synopsis

Vi has been in fundraising talks with potential buyers equivalent to an Oak Hill-led consortium, US non-public fairness companies together with KKR, in addition to Canada Pension Plan Funding Board, Caisse de Dépôt et Placement du Québec (CPDQ) and Norway’s Authorities Pension Fund World.

Loss-making telecom operator Vodafone Concept’s (Vi) home lenders could must tackle extra provisioning burden in case the cash-strapped firm fails to lift contemporary capital by June finish, officers at two banks mentioned.

A number of lenders had written again provisions on the Vi account within the March quarter after its administration assured them that it could elevate contemporary funds by the top of subsequent month. Now, they are saying, writing again provisions may have

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