Vodafone-Idea (Vi) is in advanced talks with public sector banks to secure a significant portion of its planned bank funding: ₹35,000 crore in funded facilities and another ₹10,000 crore in non-funded credit facilities.
The goal? Upgrade its network and stay competitive in the telecom game.
Vi secured over ₹10,500cr funding
Vi will take the funds out in phases as needed for expansion, according to CEO Abhijit Kishore. He mentioned they don't need the full amount right away.
Vi has already secured total funding of over ₹10,500 crore, which includes warrants and fund- and non-fund-based facilities, through the first half of fiscal year 2026-27 (FY27).
Even though Vi reported a net loss of ₹5,975 crore last quarter, revenue actually grew by 6.2% year over year.
After all this news broke, Vi shares dipped by 3.16% on November 13.