Beleaguered telecom operator Vodafone Idea has approached a host of lenders to raise loans worth over Rs 7,000 crore, The Economic Times reported on January 6. Most part of it would be used to clear a portion of its dues to Indus Towers, the report said, citing three people aware of the matter.
A senior bank official told ET that Vi did approach them for a loan, but it is a logjam. The lender has not committed anything to the telco.
Reportedly, an official at another lender said Vi has asked them to factor in Rs 15,000-crore bank guarantees and grant fresh loans.
Moneycontrol could not independently verify the report.